The property is an existing 42-door truck terminal located less than a mile from I-465 near the Indianapolis International Airport at 1850 Production Drive, Indianapolis, Marion County, Indiana 46241.
The building currently is leased to one company occupying 40 trailer parking spaces. 4.83 acres, a total gross building area of 14,133 SF and a rentable area of 14,133 SF.
Site improvements include paved surface parking, concrete sidewalks, concrete curbs, building mounted lights, and minimal landscaping. The entire site has a chain link fence, with a gated entrance.
The Urban Land Institute’s Emerging Trends survey for 2021 named Indianapolis a “backbone market,” defined as an interesting and enjoyable place to live and work, with targeted opportunities for investment and development/redevelopment. In 2020, Indianapolis was acknowledged with the distinction of being the strongest real estate market in the Midwest.
The Indianapolis MSA continues to be a hot spot for logistics companies. For many geographic and economic reasons, distribution is a natural strength for Central Indiana. There is no doubt Indianapolis’ central location is a main factor in its success, as 75% of the U.S. population lies within a one-day truck drive. Location is not the only factor that has generated development activity.
Indianapolis also benefits from comparatively low costs of land, transportation, and public utilities.