8901 Rawles Avenue

Industrial for Sale
Catylist Listing ID: 30778932
Property Subtypes: Flex Space, Light Industrial, Net Leased
Building Size (RSF): 8,400 SF
Gross Land Area: 3.32 Acres
Sale Price: $1,500,000 - 2,500,000
Unit Price: $178.57 - 297.62 PSF
Office SF: 3,341 SF
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

8901 Rawles Ave in Indianapolis, Indiana is an 8,400 square foot industrial building situated on a 3.32-acre lot with I-2-S zoning. Built in 1980, the facility was renovated in 2020 including outdoor storage improvements. The building features three drive in doors and 16’ of clear height. The property offers fully fenced and secured outdoor storage that is critical for TRS Group. Recent notable capital improvements include a brand new roof within the last two years, new LED lighting throughout the building, new HVAC installed in 2021, a newly repainted exterior and new carpet in offices. Additionally, new asphalt and entry drive were added five years ago. The asset is located in Indianapolis’ East submarket which is dissected by I-70, a major east to west highway connecting Indianapolis to the rest of the country and boasts one of Indianapolis’ best labor markets.

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-09-07-113-005.000-700
Zoning: I-2-S
Site Description: Fully fenced and secured outdoor storage
Tenancy: Single Tenant
Year Built: 1980
Year Renovated: 2020
Parking Type: Surface
Lighting: LED

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 684 55,179 189,686
Median Age: 43.97 37.3 35.8
Households: 257 21,635 74,182
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