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Industrial, Flex Warehouse | Indianapolis MSA 1315 W 18th St 30,542 SF 100% Leased Industrial Building Online Auction Sale Anderson, IN 46016
INVESTMENT HIGHLIGHTS
- 30,542-square-foot industrial facility delivered vacant and presents an ideal option for automotive, warehousing, or general industrial use.
- Located minutes from I-69, Hwy 32, and Hwy 9, the site offers excellent access to regional logistics infrastructure and Indianapolis Airport.
- With over 72,000 residents living within 5 miles and a large skilled labor pool in industrial trades, the site supports seamless growth.
- Building features five overhead doors, two loading docks, and a clear height of 13 to 26 feet on a 3.05-acre lot with room to expand.
- Surrounding submarket boasts vacancies of just 1.2% and five-year average rent growth of 6.1%, signaling strong leasing potential for investors.
- Sizeable outdoor storage available with electric fencing.
EXECUTIVE SUMMARY
Explore the untapped potential of this versatile industrial facility at 1315 W 18th Street in Anderson, Indiana. Delivered vacant and equipped with functional features and spaces, this ideal opportunity for users or investors has the capacity for automotive, industrial, or warehousing use.
Spanning a total of 30,542 square feet, 1315 W 18th Street will require electrical and plumbing repairs. The building is fitted out with five overhead doors, two loading docks, and an interior clear height ranging from 13 to 26 feet, facilitating simplified logistics and loading. Operations are also supported by a 440-volt, 3-phase power supply. The property rests on a spacious 3.05-acre lot that provides a fenced outdoor storage yard and on-site parking. Undeveloped sections of the lot also allow for a variety of future expansion projects.
Placed near the heart of the energetic Anderson community, 1315 W 18th Street delivers convenient access to quality logistics infrastructure. Interstate 69, Highway 32, and Highway 9 can be reached in 10 minutes or less. These vital arteries allow for the easy movement of goods to large surrounding markets within a one-day drive. The Indianapolis International Airport, reachable in just one hour, is one of the top-ranked cargo airports in the US and home to the second-largest FedEx Express hub in the world. The robust transportation networks serving the area have attracted numerous large industrial tenants nearby, including locations for Recycled Polymer Solutions, Sirmax North America, and Zeq Manufacturing Group.
There is significant value-add potential for investors with a leasing focus to leverage Madison County’s strong fundamentals and capture a new lease with favorable terms. This highly constrained submarket boasts a vacancy rate of just 1.2%, well below the ten-year average, resulting in a five-year annual average rent growth of 6.1%. Logistics space is the favorite area of tenants, making up approximately 53% of the submarket’s total inventory of 11.5 million square feet.
Tenants operating at 1315 W 18th Street are empowered by the growing demographic profile within 5 miles of the property. More than 72,000 residents now live in the area. With more than 80% of the local workforce employed in the trade, transportation, utilities, and manufacturing fields, there is never a shortage of new skilled labor to facilitate easy expansion.
Gain access to a well-equipped and perfectly positioned industrial facility with endless applications for automotive, distribution, or warehousing at 1315 W 18th Street.
Property tours are available by appointment only. Please contact the broker to schedule.
Spanning a total of 30,542 square feet, 1315 W 18th Street will require electrical and plumbing repairs. The building is fitted out with five overhead doors, two loading docks, and an interior clear height ranging from 13 to 26 feet, facilitating simplified logistics and loading. Operations are also supported by a 440-volt, 3-phase power supply. The property rests on a spacious 3.05-acre lot that provides a fenced outdoor storage yard and on-site parking. Undeveloped sections of the lot also allow for a variety of future expansion projects.
Placed near the heart of the energetic Anderson community, 1315 W 18th Street delivers convenient access to quality logistics infrastructure. Interstate 69, Highway 32, and Highway 9 can be reached in 10 minutes or less. These vital arteries allow for the easy movement of goods to large surrounding markets within a one-day drive. The Indianapolis International Airport, reachable in just one hour, is one of the top-ranked cargo airports in the US and home to the second-largest FedEx Express hub in the world. The robust transportation networks serving the area have attracted numerous large industrial tenants nearby, including locations for Recycled Polymer Solutions, Sirmax North America, and Zeq Manufacturing Group.
There is significant value-add potential for investors with a leasing focus to leverage Madison County’s strong fundamentals and capture a new lease with favorable terms. This highly constrained submarket boasts a vacancy rate of just 1.2%, well below the ten-year average, resulting in a five-year annual average rent growth of 6.1%. Logistics space is the favorite area of tenants, making up approximately 53% of the submarket’s total inventory of 11.5 million square feet.
Tenants operating at 1315 W 18th Street are empowered by the growing demographic profile within 5 miles of the property. More than 72,000 residents now live in the area. With more than 80% of the local workforce employed in the trade, transportation, utilities, and manufacturing fields, there is never a shortage of new skilled labor to facilitate easy expansion.
Gain access to a well-equipped and perfectly positioned industrial facility with endless applications for automotive, distribution, or warehousing at 1315 W 18th Street.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 30,542 SF |
| Sale Condition | Auction Sale | No. Stories | 1 |
| Type of Ownership | Fee Simple | Year Built | 1932 |
| Property Type | Industrial | Clear Ceiling Height | 26’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.05 AC | Parcel Number | 48-11-14-401-001.000-003 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.05 AC |
| Rentable Building Area | 30,542 SF |
| No. Stories | 1 |
| Year Built | 1932 |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 2 |
| Opportunity Zone |
Yes |
| Parcel Number | 48-11-14-401-001.000-003 |
1 1
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Indianapolis
867,125
34
0 h 49 m
Columbus
892,533
165
3 h 15 m
Chicago
2,705,994
211
4 h 14 m
Detroit
672,662
243
4 h 48 m
Charlotte
872,498
556
10 h 44 m
Washington
702,455
557
10 h 47 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
108,983
Total Labor Force
52,484
Unemployment Rate
3.59%
Median Household Income
$53,902
Warehouse Employees
9,733
High School Education Or Higher
89.60%
$ values in USD
SALE ADVISOR
SALE ADVISOR
Jess Lawhead, CCIM, Senior Advisor
Jess Lawhead is a seasoned professional in the realm of Commercial Real Estate, serving as a dedicated Commercial Real Estate Advisor at SVN | Northern Commercial. His specialization lies in the sale and leasing of office and industrial properties throughout Central Indiana, with a strong focus on investment sale transactions.
What sets Jess apart is his prestigious CCIM (Certified Commercial Investment Member) designation, a distinction achieved by a select 6% of commercial brokers. This accolade is reserved for proven real estate professionals who excel in financial analysis, interest-based negotiations, market analysis, and investment analysis within the commercial real estate arena.
In addition to his core role in brokerage, Jess is also deeply involved in assisting businesses with their disposition needs through his work with Transworld Business Advisors. He has successfully represented clients across a diverse spectrum of business segments, accommodating various space requirements and navigating complex transaction intricacies with finesse.
Drawing from a wealth of experience, Jess Lawhead seamlessly combines his Commercial Real Estate acumen with a solid foundation in marketing. He honed his marketing skills during his tenure at The Little Clinic, a subsidiary of Kroger Company (NYSE KR), and The Boston Beer Company (NYSE SAM).
Before embarking on his professional journey, Jess earned a Bachelor of Science in Business from the nationally renowned Kelley School of Business at Indiana University Bloomington. In 2020, he furthered his education by completing a Master's degree, specializing in Real Estate Development at the University of Indianapolis.
Outside of his professional pursuits, Jess finds joy in spending quality time with his family. He also enjoys golfing, sailing, exploring new travel destinations, and actively participates in endurance athletics, including marathons and Ironman Triathlons.
What sets Jess apart is his prestigious CCIM (Certified Commercial Investment Member) designation, a distinction achieved by a select 6% of commercial brokers. This accolade is reserved for proven real estate professionals who excel in financial analysis, interest-based negotiations, market analysis, and investment analysis within the commercial real estate arena.
In addition to his core role in brokerage, Jess is also deeply involved in assisting businesses with their disposition needs through his work with Transworld Business Advisors. He has successfully represented clients across a diverse spectrum of business segments, accommodating various space requirements and navigating complex transaction intricacies with finesse.
Drawing from a wealth of experience, Jess Lawhead seamlessly combines his Commercial Real Estate acumen with a solid foundation in marketing. He honed his marketing skills during his tenure at The Little Clinic, a subsidiary of Kroger Company (NYSE KR), and The Boston Beer Company (NYSE SAM).
Before embarking on his professional journey, Jess earned a Bachelor of Science in Business from the nationally renowned Kelley School of Business at Indiana University Bloomington. In 2020, he furthered his education by completing a Master's degree, specializing in Real Estate Development at the University of Indianapolis.
Outside of his professional pursuits, Jess finds joy in spending quality time with his family. He also enjoys golfing, sailing, exploring new travel destinations, and actively participates in endurance athletics, including marathons and Ironman Triathlons.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Kevin Loudy
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr RC51500217 Online Auction
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Industrial, Flex Warehouse | Indianapolis MSA | 1315 W 18th St
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