Arlington Business Park - 3220 S Arlington Ave, Indianapolis, IN 46203
Property Details
UNDER CONTRACT
Arlington Business Park in Indianapolis, Indiana is comprised of two (2) buildings totaling 46,757 rentable square feet which stands 100% occupied by five (5) tenants representing a wide variety of industries. Arlington Business Park is located in the South submarket which combines for 28.1 million square feet of Industrial space and has benefited from a 22.6% growth in asking rental rates in the last three (3) years and nearly a 50% decrease in vacancy in the last two (2) years alone. This offering presents an investor the rare opportunity to acquire a highly demanded, 100% occupied industrial flex asset in a historically infill submarket, at an attractive in-place yield with the ability to add substantial value by retaining the in-place tenants and improving rents beyond the 25% below market level.
4+ years of weighted average remaining lease term
25%+ below market in-place rents
Zero new supply threat
22.6% increase in asking rental rates in South submarket over the last three (3) years
South submarket vacancy decreased from 8.5% to 4.8% in the last two (2) years alone
Asking price is 50% of replacement cost
Phenomenal access to market-leading labor supply & three (3) of our main interstates (I-65, I-74 & I-465)
- Property TypeIndustrial
- Submarket
- Year Built2000
- Total Acres1.07
- ZoningI-3-S
- Property ID2152789
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