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8641 E 30th St
Indianapolis, IN 46219
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Ideal Passive Investment for Out of Area or 1031 Buyer | 2 Tenant Warehouse | NNN Leases | 100% Occupied
  • Sunrise Supermarket - 4.3 YR Remaining | 3.5% Annual Escalations
  • Ideally located in the I-70 Logistics Corridor with Ease of Access to I-465 (175,424 VPD), I-70 (100,744 VPD) & I-65 (127,065 VPD)
  • Anchor Tenant: Division 7 Metals Partners, LLC (Tenant Since 2006) - 5.2 YR Remaining | 3% Annual Escalations | (1) 5 Year FMV Option
  • 63,731 SF GLA | 4.26 AC Lot | Zoned I2 | Built/Renovated 1965/2018 | 2 Docks | 6 Drive-Ins | ~0.75 AC Fenced Yard for Outdoor Storage
  • Located in Warren Park Submarket, (Northeast Indianapolis); 2.3% Ultra Low Submarket Flex Vacancy; Submarket Annual Rent Growth 1.4%

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to exclusively represent for sale the Keith Lynn Business Complex, a 100% occupied, two-tenant, NNN leased warehouse at 8641 E 30th St, Indianapolis, IN. Built in 1965 and renovated in 2018, the 63,731 SF facility originally featured five units, which have been demised to serve two tenants, and sits on 4.26 acres with a ~0.75 AC fenced yard for outdoor storage, in the high-demand I-70 logistics corridor.
Division 7 Metals Partners, LLC (anchor tenant) is one of the Midwest’s largest metal panel manufacturers with a 25-year operating history serving Indiana, Illinois, Kentucky, and Ohio. In the building since 2006, Division 7 expanded in January 2024 by 11,304 SF to occupy 84% of GLA. The tenant has 5.2 years remaining on its NNN lease with 3% annual escalations and (1) 5-year renewal option at FMV.
Sunrise Staffing, LLC dba Sunrise Market occupies 16.16% GLA under a five-year NNN lease as a specialty international supermarket. The lease includes 3.5% annual escalations.
The property is in the Warren Park Industrial Submarket with a 2.3% vacancy rate. Rents have increased 1.4% YoY and average $7.19/SF (CoStar, December 2025), the subject property has an average rent of $6.56/SF, presenting upside at the end of the lease term.
With ease of access to I-465 (175,424 VPD), I-70 (100,744 VPD), and I-65 (127,065 VPD), the property delivers exceptional logistics connectivity and proximity to major employers including Kraft Heinz, Adidas, Amazon, and Walmart.
The Indianapolis MSA (population 2,174,833, rank 33rd) is business-friendly with low living costs and an educated workforce supported by Indiana University Indianapolis (Enrollment: 20,568), Butler University (Enrollment: 5,763), University of Indianapolis (Enrollment: 5,018), Purdue University Indianapolis (Enrollment: 2,634), and Ivy Tech Community College. Within a 10-mile radius, the population is 613,584 with an annual household income of $94,435 and a daytime population increase of 31%.
This 100% occupied, two-tenant, NNN leased warehouse presents an attractive investment opportunity with limited landlord responsibilities, strong in-place cash flow, below-market rents, and annual rent escalations. Its prime location, historic long-term tenancy, and industrial submarket growth trends position it for continued investment success, making it an ideal passive investment for out-of-area or 1031 exchange buyers.

PROPERTY FACTS

Sale Type Investment NNN
Cap Rate 8%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Supermarket
  • Industrial Distribution
  • FlexLight Distribution
Building Class B
Lot Size 4.26 AC
Rentable Building Area 63,731 SF
No. Stories 1
Year Built/Renovated 1965/2018
Parking Ratio 0.47/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 6
Zoning I-2 - Light Industrial District

AMENITIES

  • Bus Line
  • Fenced Lot
  • Security System
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-08-30-107-018.000-700
Land Assessment
$271,900
Improvements Assessment
$877,400
Total Assessment
$1,149,300
  • Listing ID: 38625249

  • Date on Market: 4/18/2025

  • Last Updated:

  • Address: 8641 E 30th St, Indianapolis, IN 46219

Contact the Sale Advisor

8641 E 30th St

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