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Zaahi Studios 951 W Morris St 42,000 SF 63% Leased Industrial Building Indianapolis, IN 46221 For Sale
Executive Summary
Projected NOI: $296,139
**951 W Morris St is a value-add industrial investment. Suites A-C are leased to DK Home Furniture & Mattress. Suite E is leased to RH Motorsports. There is a 60-day Landlord termination option for both tenants upon a sale of the property.
Allies Commercial Realty has been exclusively retained to market for sale the Riva Campo Portfolio, a rare five-parcel industrial and flex property package totaling 78,543 SF across 3.33 acres in Indianapolis. With C-7 zoning and a strategic location near Lucas Oil Stadium, Lilly Technology Center, and the White River, this portfolio offers significant upside for investors seeking value-add opportunities in a rapidly developing submarket.
The portfolio consists of five properties featuring diverse building sizes and uses, including industrial, flex, and parking. Combined, the sites offer multiple dock and drive-in loading options, clear heights ranging from 11’–20’, and strong accessibility from both Morris Street and Kentucky Avenue. Currently, the portfolio is 75% occupied allowing for a compelling value-add opportunity for investors seeking to enhance returns through lease-up, repositioning, or redevelopment.
Positioned within minutes of downtown Indianapolis and surrounded by high-profile developments such as Eleven Park, Back 9 Golf, and the Elanco Global HQ, this portfolio is uniquely situated for both passive investment and redevelopment strategies. With year-to-year leases currently in place, investors have the flexibility to reposition the properties to meet market demand and maximize returns.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Signage
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
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Lorem Ipsum
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DK Home is a family-owned furniture store operated by Derrick and Kayla Shannon, offering a wide selection of high-quality furniture at great prices. With a commitment to providing excellent service, Derrick and Kayla personally oversee every aspect of the business, from curating the inventory to ensuring timely delivery to customers' homes. At DK Home, customers can expect a seamless and enjoyable shopping experience, with personalized attention and exceptional service at every step. Whether they're furnishing a new home or updating clients current space, DK Home is dedicated to helping clients find the perfect pieces to create a comfortable and stylish environment. Visit DK Home today to discover the difference that a family-owned business can make!
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- Retailer
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99,999 SF
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Lorem Ipsum
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They are the largest John Deere Gator reseller in the Midwest, boasting a selection of over 60 units with various options and accessories. Customers can contact them for pricing and availability or book a showing through the provided link. They encourage potential buyers to test drive their Gators and are committed to answering any questions to help customers find the perfect fit for their needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | 99,999 SF | - | Lorem Ipsum | - | |
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Retailer | 99,999 SF | - | Lorem Ipsum | - |
Property Taxes
| Parcel Number | 49-11-14-102-007.000-101 | Improvements Assessment | $480,400 |
| Land Assessment | $365,800 | Total Assessment | $846,200 |
Property Taxes
