4001 W Minnesota St - Refrigeration Cold Storage FOR SALE


Indianapolis, IN 46241- Stout Field
$27,000,000 USD
317-410-8788
4001 W Minnesota St, Indianapolis, IN for Sale
$27,000,000 USD
Refrigeration Cold Storage - FOR SALE
1/28
null | 7.61% Cap Rate

4001 W Minnesota St
Indianapolis, IN 46241
Stout Field


HIGHLIGHTS

  • Specialized Cold Storage & Distribution Facility
  • Supply-Constrained Industrial Niche
  • Approximately $2 Million of Recent Capital Improvements
  • Premier Indianapolis Distribution Location
  • Diversified Food & Logistics Tenant Base
  • Landlord-Favorable Lease Structure

OVERVIEW

Stout Field Cold Storage Facility presents the opportunity to acquire a 190,540-square-foot cold storage and food distribution facility in one of the Midwest's premier logistics markets. Strategically located just minutes from Downtown Indianapolis, Indianapolis International Airport, and the I-70/I-465 corridor, the property provides exceptional regional and national distribution access. The facility is leased to a diverse roster of established food distribution, logistics, and cold chain operators, providing stable cash flow from a specialized industrial asset. With limited cold storage inventory available throughout the Indianapolis market and broader Midwest region, new supply remains constrained while demand for temperature-controlled distribution space continues to grow, creating favorable long-term market fundamentals. Current ownership has invested approximately $2 million in comprehensive capital improvements focused on the building's refrigeration infrastructure, ammonia systems, roofing, fire protection, LED lighting, and other major building systems. These improvements have significantly reduced deferred maintenance while positioning the property for long-term ownership. Combined with a favorable lease structure that provides meaningful operating expense recoveries, below-market in-place rents, and contractual rent growth, the asset offers investors a compelling combination of stable cash flow today and multiple avenues for future NOI growth.

FOR SALE DETAILS

PRICE

$27,000,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

7.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 210

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

19 Ft

DOCKS

73

DRIVE INS

-

PARKING SPACES

275

LAND DETAILS

LAND ACRES

9.7

LAND SF

422,532

ZONING

I-3

APN/PARCEL ID

49-11-17-102-013.000-900

ASK ABOUT THIS PROPERTY

Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

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

Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

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