7141 - 7151 E 46TH St.

This 16,000-square-foot industrial and flex property at 7141 to 7151 E. 46th Street in Indianapolis is offered for sale at $1,300,000. The building is fully leased to five tenants occupying suites from 1,280 to 4,480 square feet, with four triple net leases and one modified gross lease. All leases include 3 percent annual rent increases, with a reported weighted average lease term of 2.48 years. The property generates $113,320 in annual net operating income, representing an 8.72 percent capitalization rate, and includes eight drive-in doors, C-4 zoning, and 1.29 acres.