Building 210 4001 W Minnesota St 190,819 SF 98% Leased Industrial Building Indianapolis, IN 46241 $37,461,690 CAD ($196.32 CAD/SF) 7.61% Cap Rate

Stout Field Cold Storage Facility presents the opportunity to acquire a 190,540-square-foot cold storage and food distribution facility in one of the Midwest's premier logistics markets. Strategically located just minutes from Downtown Indianapolis, Indianapolis International Airport, and the I-70/I-465 corridor, the property provides exceptional regional and national distribution access. The facility is leased to a diverse roster of established food distribution, logistics, and cold chain operators, providing stable cash flow from a specialized industrial asset. With limited cold storage inventory available throughout the Indianapolis market and broader Midwest region, new supply remains constrained while demand for temperature-controlled distribution space continues to grow, creating favorable long-term market fundamentals.
Current ownership has invested approximately $2 million in comprehensive capital improvements focused on the building's refrigeration infrastructure, ammonia systems, roofing, fire protection, LED lighting, and other major building systems. These improvements have significantly reduced deferred maintenance while positioning the property for long-term ownership. Combined with a favorable lease structure that provides meaningful operating expense recoveries, below-market in-place rents, and contractual rent growth, the asset offers investors a compelling combination of stable cash flow today and multiple avenues for future NOI growth.