Colliers, as the exclusive advisor, is pleased to present the opportunity to acquire the unencumbered fee simple interest in 3849 North Richardt Avenue, located in Indianapolis, Indiana.
3849 N Richardt Avenue is a 41,350 SF infill light industrial building situated on 3.45 acres in Indianapolis’ East submarket, offering immediate access to I-465 and excellent regional connectivity. The recently renovated asset is fully leased to five tenants with a weighted average lease term of 3.09 years, providing investors with stable and diversified cash flow. With in-place rents averaging 21% below current market rates and limited new supply in this premier corridor, the property offers meaningful upside potential through future rent growth and strong tenant retention fundamentals.