317-556-3676
3849 N Richardt Ave, Indianapolis, IN for Sale
Light Distribution - FOR SALE
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3849 N Richardt Ave
Indianapolis, IN 46226
Arlington Woods


HIGHLIGHTS

  • 41,350 SF building in a premier Indianapolis industrial corridor with immediate I-465 access
  • Five tenants with a 3.09-year WALT provide stable, diversified cash flow and reduced investment risk
  • Extensive recent renovations, including roof, HVAC, offices, and doors significantly reduce near-term capital expenditures
  • Current rents are 21% below market, creating a clear value-add opportunity through future rent growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3849 N Richardt Ave

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

3

PARKING SPACES

225

LAND DETAILS

LAND ACRES

2.48

LAND SF

108,029

ZONING

SU1 primary and CS second

APN/PARCEL ID

49-07-13-113-175.002-401

ASK ABOUT THIS PROPERTY

Alex DavenportColliersMore Info
317-556-3676

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Alex DavenportColliersMore Info
317-556-3676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.