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.