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6445-6457 E 82nd St

3 Retail Properties in Indianapolis, IN

Executive Summary

6445-6457 E 82nd Street, a 3 building retail center consisting of 9,800 RSF located within the Keystone/ Castleton submarket of Indianapolis. The Property is conveniently located along 82nd street, which offers some of the highest traffic counts in the Indianapolis MSA. Along 82nd street, the property has some of the highest rates visibility for the tenants. The properties are 100% occupied. The property has an average rent far below comparable buildings having an average Market Rent of $20.36 psf, offering immediate value-add opportunity. The properties are occupied with smaller tenants that have a uses that require specific zoning, building types, and use restrictions - resulting in long term tenants.?
Single Tenant Assets - The property has 3 single tenant buildings, that could be sold individually after the sale or potentially redevelop the whole parcel for the right future tenant.?
Below Market rent - The property far below market rents?
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner for some of the existing tenants.

Property Facts

Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 12,483 SF
Total Land Area 1.44 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
6445 E 82nd St, Indianapolis, IN 46250 Retail 4,000 SF 1996 -
6457 E 82nd St, Indianapolis, IN 46250 Retail 7,300 SF 1986 -
6463 E 82nd St, Indianapolis, IN 46250 Retail 1,183 SF - -
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  • Listing ID: 33434225

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 6445-6457 E 82nd St, Indianapolis, IN

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