927 N Emerson Ave - Warehouse FOR SALE


Greenwood, IN 46143- Southside Indianapolis
$9,584,000 USD
310-919-5834
927 N Emerson Ave, Greenwood, IN for Sale
$9,584,000 USD
Warehouse - FOR SALE
1/7
null | 6.66% Cap Rate

927 N Emerson Ave
Greenwood, IN 46143
Southside Indianapolis


HIGHLIGHTS

  • Providing modern construction standards and well-maintained infrastructure
  • Large-format retail footprint suitable for big-box retailers or multiple tenant configurations
  • Ample surrounding parking designed to accommodate high-capacity traffic
  • Convenient regional connectivity serving Greenwood and the broader Indianapolis metro area

OVERVIEW

STRONG NONPROFIT “INVESTMENT-GRADE–EQUIVALENT” TENANT – Goodwill Industries of Central Indiana, Inc. is a leading regional affiliate of Goodwill Industries International, one of the most recognized nonprofit organizations in North America. The Goodwill network collectively operates over 3,300 locations across the U.S. and Canada generates over $7 Billion of Revenue. Goodwill’s mission-driven, donation-based model has demonstrated long-term stability and resilience across all economic cycles. INSTITUTIONAL QUALITY FACILITY– Built specifically for Goodwill in 2016, this +/-125,000 sq. ft. concrete facility sits on approximately 18 acres and features +/- 32’ clear heights and 15 dock-high doors, offering functionality consistent with modern institutional industrial assets. BELOW MARKET RENT / LOW VALUE BASIS ($78 PSF) - The in-place lease was executed in 2016 and has remained below current market levels, creating a highly attractive basis of approximately $78/SF for an institutional-quality asset with long-term upside potential. STRATEGIC INDIANAPOLIS LOCATION – Goodwill is located in Greenwood, a high-growth suburb of Indianapolis, one of the Midwest’s premier logistics and economic hubs. Positioned directly off Interstate 65 (connecting north to Chicago and south to Louisville), the site sits within a dense retail and industrial corridor adjacent to Costco, Walmart, and the Indy South Greenwood Airport. Goodwill is surrounded by several newly developed apartment communities, further enhancing the immediate consumer base. This specific industrial pocket is home to major users including Amazon, FedEx, and ULTA Beauty, supporting strong market fundamentals and continued growth.

FOR SALE DETAILS

PRICE

$9,584,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

-

CLEAR CEILING HT

32 Ft

DOCKS

15

DRIVE INS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

17.95

LAND SF

781,902

ZONING

IC

APN/PARCEL ID

41-02-27-023-011.000-025

ASK ABOUT THIS PROPERTY

Megan PorterMatthews Real Estate Investment ServicesMore Info
310-919-5834

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

Megan PorterMatthews Real Estate Investment ServicesMore Info
310-919-5834

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