Location Characteristics: Four interstate freeways (I-65, I-69, I-70 and I-74) and four federal highways converge in the Indianapolis region, making it possible to reach 75% of the U.S. within a one-day drive. Additionally, the bulk of demand for industrial space is centered around Indianapolis' large supply of logistics space: The metro's infrastructure, central location, and airport shipping services make for ideal ecosystems for national distributors to operate.
Market Insight: The Indianapolis industrial market demonstrates consistent growth, with significant new inventory additions, particularly in the East submarket, showcasing strong development activity at year end 2024. The market maintains a healthy long-term upward trend with asking rates have grown 4.1% annually since 2015, supported by steady employment and projected future expansion. With positive absorption projected, despite new deliveries and a positive outlook for rent increases, Indianapolis remains a promising hub for industrial real estate.
Location Characteristics: Four interstate freeways (I-65, I-69, I-70 and I-74) and four federal highways converge in the Indianapolis region, making it possible to reach 75% of the U.S. within a one-day drive. Additionally, the bulk of demand for industrial space is centered around Indianapolis' large supply of logistics space: The metro's infrastructure, central location, and airport shipping services make for ideal ecosystems for national distributors to operate.
Market Insight: There were 24.4 MSF of new industrial space under construction at year-end 2021. Additionally, asking rents have increased dramatically since 2019. Historically low vacancies have allowed landlords to push asking rates to new heights as demand continues across the Indianapolis market.
Location:Indianapolis, IN
Acquisition Date:12/4/19
# of Buildings:9
Purchase Price/SF:$23.88
Tenant:Multi-Tenant
Portfolio Fit: Shadeland Commerce Center, portfolio of 9 industrial buildings, totaling 1,747,411 SF, ranging in suite sizes from roughly 4,000 square feet to 360,000 square feet have allowed the Portfolio to offer solutions to a wide range of user requirements within the Indianapolis market.
City, Location:Lafayette, IN
Acquisition Date:10/26/21
# of Buildings:1
Purchase Price/SF:$78.32
Tenant:Multi-Tenant
Portfolio Fit: 3701 David Howarth Dr. is a critical facility for just-in-time delivery serving three co-operating credit tenants. It serves as a quality control facility for a major automobile manufacturer, a distribution hub for a national logistics company and a key support facility for tire distribution.
Metro Area | Building Name | Gross Building Area (SF) | Property Sub-Type | Tenant |
---|---|---|---|---|
Indianapolis | 7901 West 21st Street | 353,000 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 3035 North Shadeland Avenue | 562,497 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 3169 North Shadeland Avenue | 44,374 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 3701 David Howarth Drive | 294,730 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 4430 Sam Jones Expressway | 484,879 | Warehouse/Light Manufacturing | Multi-Tenant |
Indianapolis | 3525 South Arlington Avenue | 219,104 | Warehouse/Distribution | Single-Tenant |
Indianapolis | 3333 North Franklin Road | 276,240 | Warehouse/Distribution | Single-Tenant |
Indianapolis | 7750 Georgetown Road | 102,934 | Warehouse/Distribution | Single-Tenant |
Indianapolis | 6555 East 30th Street | 314,775 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6585 East 30th Street | 100,000 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 2900 North Shadeland Avenue | 933,439 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6575 East 30th Street | 60,000 | Warehouse/Distribution | Single-Tenant |
Indianapolis | 6635 East 30th Street | 99,877 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6951 East 30th Street | 44,000 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6737 East 30th Street | 87,500 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6751 East 30th Street | 100,000 | Warehouse/Distribution | Multi-Tenant |
Indianapolis | 6701 East 30th Street | 7,820 | Warehouse/Distribution | Single-Tenant |
South Bend | 4955 Ameritech Drive | 228,000 | Warehouse/Distribution | Multi-Tenant |
South Bend | 5855 Carbonmill Drive | 198,000 | Warehouse/Distribution | Single-Tenant |
South Bend | 5502 West Brick Road (Bldg 1) | 51,200 | Warehouse/Distribution | Single-Tenant |
South Bend | 5681 West Cleveland Road | 62,550 | Warehouse/Distribution | Single-Tenant |
South Bend | 5502 West Brick Road (Bldg 2) | 50,250 | Warehouse/Distribution | Single-Tenant |
South Bend | 4491 Mayflower Road | 77,000 | Warehouse/Distribution | Single-Tenant |
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Plymouth Industrial REIT is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.