Renovated Light Industrial
3940 Pendleton Way Indianapolis, IN 46226
For Sale
Contact for pricing
Fully leased, recently renovated light industrial building on 3.45 acres with 3.09-year WALT and access to I-465.
Property Size41,350 SF
Lot Size3.45 Acres
Days on Market237
Property Features for 3940 Pendleton Way
General Information
Standard status
Active
Size
41,350 SF
Lot size
3.45 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers
(317) 556-3676
Listed By:
Alex Davenport
(317) 556-3676
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Investment Insights
Based on property information with market context.
This infill light industrial building offers 41,350 square feet on 3.45 acres. The recently renovated property is fully leased to five tenants and reports a 3.09-year WALT. Rent rolls indicate rents averaging 21% below market.
Located in Indianapolis’ East submarket, the asset provides immediate access to I-465.
Designed for durable cash flow, the building’s current occupancy and renovation support ongoing tenant stability while offering room for improvement through above-market leasing outcomes.
Located in Indianapolis’ East submarket, the asset provides immediate access to I-465.
Designed for durable cash flow, the building’s current occupancy and renovation support ongoing tenant stability while offering room for improvement through above-market leasing outcomes.
Key Highlights
- 41,350 SF infill light industrial building on 3.45 acres in Indianapolis’ East submarket
- Fully leased to five tenants with a 3.09‑year WALT
- Recently renovated asset
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased, recently renovated light industrial building on 3.45 acres with 3.09-year WALT and access to I-465.
Where is this flex space located?
The property is located at 3940 Pendleton Way Indianapolis, IN.
What are key features of this property?
This property features: 41,350 SF infill light industrial building on 3.45 acres in Indianapolis’ East submarket; Fully leased to five tenants with a 3.09‑year WALT; Recently renovated asset
