Western Select, located at 2525 North Shadeland Avenue includes 72.42 acres, zoned CS, with 1,530,935 square feet of industrial, flex and office buildings located immediately on I-70 ten minutes from the center of Indianapolis.
This highly functional light manufacturing, warehousing, and logistics hub is currently 92% leased to 34 tenants at rents averaging 18.5% below market, offering attractive upside from a deeply committed tenant base. With a WALT of 5.42 years, the portfolio generates durable cash flow through a balanced mix of staggered lease expirations and creditworthy tenants.
The property features 1000 amp/480 volt service to each of the five buildings served by an on site AES power substation, clear heights ranging from 14 to 26 feet, private exterior tenant entrances, drive-in loading, full-sized truck loading docks, and industrial outdoor storage ensuring broad market appeal.