Acquisition Announcement: Southwest Indianapolis Industrial Portfolio
We are delighted to share that on Friday, December 6th, we closed on the acquisition of a two-property industrial portfolio located in Southwest Indianapolis. The property, acquired from Colliers, marks a significant addition to our growing industrial portfolio.
This portfolio, totaling 245,000 square feet, comprises two strategically located properties at 4316 W Minnesota Street and 4750 Kentucky Avenue. With 100% occupancy, the assets are leased to three established tenants in logistics and industrial packaging.
Key Highlights of the Acquisition:
High Functionality: Both properties feature clear heights of 26’-28’, tilt-up concrete construction, LED lighting, and ample truck/trailer parking, ensuring modern logistics functionality.
Prime Location: Situated along the I-70 and I-465 corridors, these assets provide seamless access to major transportation routes, Indianapolis International Airport, and FedEx’s second-largest air hub in the world.
Strong Market Fundamentals: The Southwest Indianapolis submarket continues to experience robust demand, with rental growth of 24% since 2022 and vacancy rates as low as 2.1% for non-modern bulk industrial product.
The acquisition of the property aligns with our strategy to invest in well-located, high-potential industrial properties in dynamic markets. These assets not only deliver stable in-place cash flow but also present significant upside potential as leases roll and rents are brought to market levels. We are excited to enhance the value of these properties and strengthen our presence in one of the country’s most vital logistics hubs. Thank you to Colliers and all partners involved in bringing this acquisition to a successful close.
