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Investment Opportunity - Flex Space 2120-2140 Winter Ave 9,060 SF Flex Building Indianapolis, IN 46218 $1,375,000 ($151.77/SF) 9.45% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Newly Renovated Build-to-Suit Opportunity - The Site Sits on 1.6 Acres That Has Been Improved by Roughly 58%.
  • The Warehouse Contains an Office Space That Allows For a Multi-Tenant Function Flex Space Component.
  • Amenities: Security System, Fenced, Dual Restrooms, Office Space and Warehouse Space.
  • The Property is Nestled in the North Eastern Quadrant of Indianapolis, Next to Keystone Enterprise Park With Immediate Access to I-70.
  • Indianapolis, as of Q4 2023 Has Seen a 49.40% Growth of Industrial CRE Year Over Year; It is Ranked 9th in the Nation of Booming Markets.

EXECUTIVE SUMMARY

Exciting Opportunity: 9000 SF Flex Space at 2130 Winter Avenue, Indianapolis, IN
We are delighted to present this exclusive offering: a newly renovated, owner-user flex space located at 2130 Winter Avenue in the vibrant city of Indianapolis, IN.
This investment opportunity features a meticulously renovated build-to-suit option, encompassing a warehouse with versatile office spaces. Its adaptable design allows for a multi-tenant function, ensuring a stable and lucrative investment for discerning buyers.
Strategically positioned in the heart of Indianapolis, with easy access to downtown, I-70, and Keystone Avenue, this property enjoys a prime location within the thriving Keystone Park industrial hub. Enhanced security measures, including gated surroundings, provide peace of mind, making it an ideal choice for safeguarding your investment.
Key Features:
* 1.60 acres of space, easy for turning around and perfect for logistics and shipping companies.
* Beautifully welcoming office building with 7 office spaces.
*Easy to maintain, ensuring long-term viability.
For additional questions or to schedule a tour, feel free to contact me at call or text 317-716-5529.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Taxes $6,843 $0.76
Operating Expenses - -
Total Expenses $6,843 $0.76

FINANCIAL SUMMARY (ACTUAL - 2023)

Taxes
Annual $6,843
Annual Per SF $0.76
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $6,843
Annual Per SF $0.76

PROPERTY FACTS

Price $1,375,000
Price Per SF $151.77
Sale Type Investment or Owner User
Cap Rate 9.45%
Sale Conditions
Build to Suit
  • Redevelopment Project
  • Short Sale
Property Type Flex
Property Subtype
Light Distribution
  • Industrial Distribution
  • Industrial Truck Terminal
  • Industrial Warehouse
Building Class C
Lot Size 1.60 AC
Rentable Building Area 9,060 SF
No. Stories 1
Year Built/Renovated 1961/2012
Tenancy Single
Parking Ratio 1.43/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning 1-3-U - Commercial 1-3-U

AMENITIES

  • Fenced Lot
  • Security System
  • Yard

UTILITIES

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-07-30-127-030.004-101
Land Assessment
$245,800 (2024)
Improvements Assessment
$250,900 (2024)
Total Assessment
$496,700 (2024)
Annual Taxes
$6,843 ($0.76/SF)
Tax Year
2023
  • Listing ID: 26721541

  • Date on Market: 9/27/2022

  • Last Updated:

  • Address: 2120-2140 Winter Ave, Indianapolis, IN 46218

Contact the Sale Advisor

Investment Opportunity - Flex Space | 2120-2140 Winter Ave

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