3220 S Arlington Ave
Indianapolis, IN 46203
Bldg 1 & 2 · Industrial Property For Sale
Investment Highlights
- 4+ years of weighted average remaining lease term
- Zero new supply threat
- Asking price is 50% of replacement cost
- 25%+ below market in-place rents
- South submarket has experienced an increase in asking rates and decrease in vacancy in recent years
- Phenomenal access to market-leading labor supply & three (3) of our main interstates (I-65, I-74 & I-465)
Property Facts
| Property Type | Industrial | Year Built | 2000 |
| Property Subtype | Warehouse | Parking Ratio | 1.75/1,000 SF |
| Building Class | B | Clear Ceiling Height | 28’ |
| Lot Size | 5.11 AC | No. Dock-High Doors/Loading | 4 |
| Rentable Building Area | 46,757 SF | No. Drive In / Grade-Level Doors | 7 |
| No. Stories | 2 | ||
| Zoning | I-3S | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.11 AC |
| Rentable Building Area | 46,757 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 1.75/1,000 SF |
| Clear Ceiling Height | 28’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | I-3S |
Amenities
- Signage
Utilities
- Water - City
- Sewer - City
About 3220 S ARLINGTON AVE , INDIANAPOLIS, IN 46203
Arlington Business Park in Indianapolis, Indiana is comprised of two (2) buildings totaling 46,757 rentable square feet which stands 100% occupied by five (5) tenants representing a wide variety of industries. Arlington Business Park is located in the South submarket which combines for 28.1 million square feet of Industrial space and has benefited from a 22.6% growth in asking rental rates in the last three (3) years and nearly a 50% decrease in vacancy in the last two (2) years alone. This offering presents an investor the rare opportunity to acquire a highly demanded, 100% occupied industrial flex asset in a historically infill submarket, at an attractive in-place yield with the ability to add substantial value by retaining the in-place tenants and improving rents beyond the 25% below market level.
Property Taxes
| Parcel Number | 49-10-27-114-004.000-300 | Improvements Assessment | $1,102,100 |
| Land Assessment | $638,700 | Total Assessment | $1,740,800 |
Property Taxes
