Northwest Business Center II

Northwest Business Center II

  • Value: $26,000,000
  • Project Type: Multi-tenant Acquisition
  • Address: Indianapolis, Indiana
  • SF: 149,000 SF

Description

  • 353,000 square foot stabilized acquisition consisted of two buildings, a 149,000 SF rear-load office warehouse with higher office finishes and a 204,000 SF front-load warehouse which accommodated traditional warehouse users.
  • The two-building portfolio was stabilized upon acquisition and was purchased at a price which provided a good long-term value in the highly desirable and land-locked submarket of Park 100.
  • The project offered quick access from the I-465 beltway and the smaller building had direct highway visibility.  This visibility attracted tenants who preferred highly visible signage for their business.