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  • For sale
Park Elmwood Industrial Park - #1
Park Elmwood Industrial Park - #2
Park Elmwood Industrial Park - #3
Park Elmwood Industrial Park - #4

UNDER CONTRACT


Park Elmwood consists of a four building 133,200 SF light industrial portfolio located immediately off of I-465 in the Indianapolis south industrial market.​ The 98.2% occupied Property is leased to a diverse set of tenants with an average occupancy in the portfolio of over 8 years.​ The property was built in 1978, is block and steel construction, includes 16’ clear height throughout all four buildings and has a combination of 44 drive-in and dock doors throughout the shared truck courts, offering tenants flexibility depending on their specific business needs.​


The Property is located directly off Emerson Ave and only 2 minutes away from the I-465 interchange, providing the Property’s tenants immediate access to the entire Indianapolis MSA as well as the eight (8) intersecting major US interstates.​ The Property benefits from its Southeast location providing access to the strongest supporting labor force in the Indianapolis MSA.​ The Property provides investors the opportunity to benefit from the consistent yield generated by a property that has been 96.3% leased on average over the past five years while increasing both the yield and investment value through raising rates in a property with an average rental rate 10% below market.​