Alex Davenport

UNDER CONTRACT

Colliers International has been retained as the exclusive advisor in the sale of the Indianapolis Metro Industrial Portfolio, a 258,443 square foot industrial portfolio comprised of eight (8) infill industrial assets, spread across three (3) submarkets (Southwest, Southeast & Northeast).​ The portfolio combines numerous desirable attributes including heavy industrial zoning with expansion ground, close proximity to Indiana’s population center with highly infill locations, diversified submarket exposure, 5.10 years of WALT, and stands 100% occupied by a diversified rent roll with significant upside in rents.​ 

The Indianapolis Metro Industrial Portfolio provides investors the opportunity to acquire a rare set of highly functional, fully leased industrial assets in an extremely dynamic market with irreplaceable attributes. The portfolio presents stable in-place cash flow with numerous avenues to add value throughout the hold period.

• ​Critical Mass of Indianapolis Industrial Product


• ​Irreplaceable Infill Locations


• ​High Demand Functional Assets


• ​Diversified Tenant Roster


• ​Durable Cash Flow

UNDER CONTRACT

Prairie Lakes Shopping Center is an attractive, fully leased retail strip center located along a major thoroughfare in Noblesville, providing the investor secure long-term yield with numerous avenues to add value throughout the hold period.​ The Property is located on Mundy Drive along SR 37 and experiencing some of the best demographics in the Indianapolis MSA with over 150,000 residents within a 5-mile radius boasting an average household income of $131,320.​ State Road 37 is currently being redeveloped at 141st and 146th Streets, adding roundabouts and wider interchanges to increase and aid the flow of traffic to this trade area and this asset.​ Over time, this will prove to strengthen the trade area and daytime traffic levels as a more efficient east-west thoroughfare across our wealthiest northern suburbs.​

The Property benefits from over four (4) years of WALT from a high-performing, diverse tenant roster.​ Average in-place rents stand 12.71% below today’s market rent, providing the investor the opportunity to add value in upcoming renewals and benefit from long-term appreciation in the dynamic Hamilton County market & SR-37 trade area.​ The Property also benefits from a desirable tenant roster serving a wide range of consumers – UPS, dry cleaner, health consultants, popular Indian grocery store, restaurant, nail salon, hair salon and foot spa – all of which are destination retailers in nature.​

Five River Crossing is a mixed-use portfolio consisting of a four-story Class A office building and two stand alone, luxury brand single tenant net leased retail buildings located in Indianapolis, Indiana.​ Located in the heart of the Keystone Crossing submarket on the north side of Indianapolis, the assets sit in the premier office, retail and housing corridor of Indianapolis and at the center of the densest population of decision makers.​ The property contains a total of 82,796 rentable square feet of lifestyle retail and office space dedicated to sustaining an environment that supports a best in class live work play environment.​

The portfolio benefits from a weighted average remaining lease term of 5.64 years amongst a diverse group of tenants which provides buyers stable existing cash flow.​ Situated on a 5.91 acre site at the critical intersection of 86th Street and River Crossing Boulevard, the property benefits from unrivaled visibility along the most traveled retail corridor in the market.​ Five River Crossing offers its tenants multiple points of ingress and egress, best in class signage and the benefits of co-existing with Ocean Prime, Diamonds Direct, Salon Lofts, Massage Envy and Bank of America.​ The property provides an unmatched office experience for its 8 office users spanning 53,984 sf, which/who benefit from the premium signage opportunity, flexible floorplans and top in market finishes all at the base of the most abundant shopping, food and entertainment atmosphere in Indiana.​ The Fashion Mall at Keystone, the highest quality and top performing Simon mall in Indiana, provides tenants countless exceptional restaurant, hotel and retail amenities and is accessible directly from the property via a series of walking trails.​ Five River Crossing is the mixed use project that tenants continue to demand coming out of the pandemic and will benefit from that demand for years to come.​