7141 - 7151 E 46TH St.

This fully leased 16,000 square foot industrial building in the E 46th Street Business Park at 7141 to 7151 E 46th Street in Indianapolis is offered for sale at $1,300,000, delivering an 8.48 percent capitalization rate and $110,251 in annual net operating income. Five tenants occupy suites ranging from 1,280 to 4,480 square feet, with four triple net leases and one modified gross lease, all carrying 3 percent annual rent increases. In-place rents sit below market, and lease terms expire in 2028 and 2029, giving an investor near-term opportunity to bring rents up to market as leases roll. Each suite is served by 200 amp, 240 volt, three-phase power, with clear heights of 16 feet at 7141 to 7147 and 12 feet at 7149 to 7151. The 1.29 acre site includes eight drive-in doors and is zoned C-4 Commercial/Light Industrial, offering a stable, diversified income stream with built-in value-add upside.