317-556-3676
, Indianapolis, IN for Sale
FOR SALE
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Western Select
Indianapolis, IN
Arlington Woods


HIGHLIGHTS

  • High occupancy portfolio that is 92% leased to 34 tenants with stable cash flow and upside potential
  • Immediate I-70 and I-465 access plus a bus stop located on the property
  • Well-equipped office & warehouse space as well as outdoor storage
  • Committed, stable anchor tenant occupying 48.7% of RSF
  • Prime industrial location due to deep labor pool and a well-established industrial infrastructure

OVERVIEW

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.

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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 Policy.