Directors Row Business Park FOR SALE


Indianapolis, IN - Park Fletcher
$18,320,475 USD
765-748-6570
, Indianapolis, IN for Sale
$18,320,475 USD
FOR SALE
1/12
null | 8% Cap Rate

Directors Row Business Park
Indianapolis, IN
Park Fletcher


HIGHLIGHTS

  • 214,200 SF gross leasable area across six flex industrial buildings and two office buildings, zoned for office and flex industrial use
  • Clear heights ranging from 12 to 20 feet with side-loading dock opportunities, roll-up doors, ramp doors, and garage spaces
  • Private mezzanine office space, engaging entrance/showroom configurations, and move-in ready suites available throughout the campus
  • Established tenant roster including Nextech, Evens Time Inc., FE Moran, Motorola, and ATI Physcial Therapy
  • Ideal for professional offices, research, development, data centers, laboratories, third-party logistics, and high-tech users

OVERVIEW

This offering presents the opportunity to acquire Directors Row Business Center, an eight-building office and flex-industrial campus totaling 214,200 square feet at the entrance to Park Fletcher — one of Indianapolis's most recognized business parks. The campus is 91% occupied with a diverse mix of national, regional, and local tenants across 39 suites. Directors Row offers a compelling value-add profile through the conversion of gross leases to NNN leases, below-market rents with embedded upside, and vacancy lease-up potential. Since 2021, ownership has invested $2.3M into the assets through tenant-specific renovations, roof replacements, and HVAC improvements — providing a well-maintained and operationally sound foundation for the next owner. The property features six flex industrial buildings and two office buildings, each with a timeless brick façade and flexible suite configurations ranging from small professional offices to large flex-industrial bays. With 40 drive-in doors spread across all eight buildings, the campus is exceptionally functional for a wide range of users. Directors Row is positioned directly across from Indianapolis International Airport with immediate access to the I-70 / I-465 interchange — making it highly attractive to logistics, e-commerce, and next/same-day delivery operators. Investment Highlights: - Roughly 50% of tenants are utilizing warehouse space throughout portfolio - Directly across from Indianapolis International Airport — rated best in North America for 13 consecutive years - 91% occupied with a diverse mix of national, regional, and local tenants across 39 suites - 40 drive-in doors across all 8 buildings providing exceptional operational flexibility - Value-add opportunity: conversion of existing gross leases to NNN leases, capture of below-market rents, and vacancy lease-up - $2.3M of capital invested into the assets since 2021, including tenant-specific renovations, roof replacements, and HVAC work - Eight-building campus totaling 214,200 SF with a timeless brick façade and a campus-like environment

ASK ABOUT THIS PROPERTY

Forest BenderMarcus & MillichapMore Info
765-748-6570

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Forest BenderMarcus & MillichapMore Info
765-748-6570

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