5508 Elmwood Avenue

Industrial: Flex/R&D
Pending

5508 Elmwood Avenue, IndianapolisIN 46203

Property Details

Location

Address
5508 Elmwood Avenue, IndianapolisIN 46203
County
Marion
Submarket
Parcels
3002784

Building Size

Building Size
133,200 SF
Rentable Space
133,200 SF

Building Details

Type
 Industrial: Flex/R&D  
 Pending
Number of Buildings
4
Occupancy Type
Multi-tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
1978
Sprinklers
Total Parking
300
Parking Ratio

Industrial Details

Dock High Doors
44
Grade Level Doors
44
Cross Dock Doors
Ceiling Height
19 ft
Rail Doors
Yard
Electrical
Industrial Space

Land & Utilities

Land (Acres)
9.54 Acres
Land (SF)
415,562 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
I-2-S
Lot Depth
Lot Width

Contacts

Current Listings

Park Elmwood Industrial Park

Park Elmwood consists of a four building 133,200 SF light industrial portfolio located immediately off of I-465 in the Indianapolis south industrial market.? The 100% occupied Property is leased to a diverse set of tenants with an average occupancy in the portfolio of over 8 years.? The property was built in 1978, is block and steel construction, includes 16’ clear height throughout all four buildings and has a combination of 44 drive-in and dock doors throughout the shared truck courts, offering tenants flexibility depending on their specific business needs.?

The Property is located directly off Emerson Ave and only 2 minutes away from the I-465 interchange, providing the Property’s tenants immediate access to the entire Indianapolis MSA as well as the eight (8) intersecting major US interstates.? The Property benefits from its Southeast location providing access to the strongest supporting labor force in the Indianapolis MSA.? The Property provides investors the opportunity to benefit from the consistent yield generated by a property that has been 96.3% leased on average over the past five years while increasing both the yield and investment value through raising rates in a property with an average rental rate 10% below market.?

Colliers International Indianapolis

Park Elmwood consists of a four building 133,200 SF light industrial portfolio located immediately off of I-465 in the Indianapolis south industrial market.? The 100% occupied Property is leased to a diverse set of tenants with an average occupancy in the portfolio of over 8 years.? The property was built in 1978, is block and steel construction, includes 16’ clear height throughout all four buildings and has a combination of 44 drive-in and dock doors throughout the shared truck courts, offering tenants flexibility depending on their specific business needs.?

The Property is located directly off Emerson Ave and only 2 minutes away from the I-465 interchange, providing the Property’s tenants immediate access to the entire Indianapolis MSA as well as the eight (8) intersecting major US interstates.? The Property benefits from its Southeast location providing access to the strongest supporting labor force in the Indianapolis MSA.? The Property provides investors the opportunity to benefit from the consistent yield generated by a property that has been 96.3% leased on average over the past five years while increasing both the yield and investment value through raising rates in a property with an average rental rate 10% below market.?

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: ICREX

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