6800 E 30th St
Indianapolis, IN 46219
Park 6800 · Industrial Property For Sale

Marcus and Millichap is pleased to present the opportunity the acquire Park 6800, located at 6800 E 30th Street in Indianapolis, Indiana. The subject property consists of approximately 118,500 square feet of industrial space and is situated on 7.70 acres with outdoor storage. Built in 1970, the property features 18' clear heights. Located just off the I-465 and I-70 interchange in the Warren Park Industrial submarket, this significant value-add opportunity is priced well below market sales price per foot with below market rents in place. Warren Park Industrial submarket vacancies are well-below their historical average and are not expected to rise anytime soon. The lack of new supply of industrial space has kept the vacancy rate at a low 3%. Rents have grown at a steady pace, achieving 3% rent growth in five consecutive years. On the investment side, strong rent growth is attracting out-of-state investors to Warren Park, resulting in increased sales volume. Warren Park Industrial assets are trading at an average of $40/SF as reported by CoStar. Indianapolis's central location and airport shipping services make it an established hub for national distributors to operate. Despite high levels of construction, absorption has kept pace. Continued demand has allowed rent growth to follow, with some of the largest gains this cycle seen over the past year.