Metro Air Business Park - Buildings 8 & 9

Off-Market

4241 Plainfield Road, Indianapolis, IN 46231

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 977,625 SF
  • Lot Size 55.81 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2020

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Indianapolis

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Indianapolis Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $22.03
  • 2022 Office Vacancy Rate 21.26%
  • 2022 Office Completions (SF) 122,294

Indianapolis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $89.98
  • Y-o-Y Avg. PpSF Change -30.47%
  • 2022 Office Sales Volume $113.2M
  • 2022 Number of Transactions 21
View more Indianapolis market trends

Location

Getting Around

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Indianapolis Airport
  • Zip Code 46231
  • Market Indianapolis

Points of Interest

  • Indiana University/Riley

    9.81 miles

  • Circle K/Shell

    1.04 miles

  • GetGo

    1.63 miles

  • Speedway

    1.71 miles

  • Walmart

    1.93 miles

  • Shell

    2.05 miles

  • Marathon

    2.08 miles

  • Mobil

    2.27 miles

  • Blu

    2.50 miles

  • Speedway

    2.52 miles

  • Thorntons

    2.58 miles

  • Employee Parking

    1.20 miles

  • Truck Parking

    1.25 miles

  • Cell Phone Lot

    1.27 miles

  • Cell Phone Lot (overflow)

    1.27 miles

  • Indianapolis International Airport - Economy Parking Lot

    1.40 miles

  • ATCT Parking

    1.57 miles

  • Indianapolis International Airport - Former Long Term Parking Lot

    1.70 miles

  • Indianapolis International Airport Parking Garage

    1.94 miles

  • FastPark & Relax

    2.21 miles

  • Visitor Parking

    2.82 miles

  • Subway

    1.01 miles

  • Red Robin

    1.31 miles

  • Logan's Roadhouse

    1.36 miles

  • Bru Burger

    1.44 miles

  • Stone Creek

    1.51 miles

  • Chick-fil-A

    1.52 miles

  • Culver's

    1.56 miles

  • Applebee's

    1.61 miles

  • McDonald's

    1.64 miles

  • Wendy's

    1.69 miles

  • Target

    1.47 miles

  • The Shoppes at Perry Crossing

    1.48 miles

  • ALDI

    1.90 miles

  • Walmart Supercenter

    1.90 miles

  • Aldi

    1.99 miles

  • Fountain Square Market

    2.15 miles

  • Kroger

    2.31 miles

  • Walmart Neighborhood Market

    3.62 miles

  • Big Lots

    3.99 miles

  • Target

    4.00 miles

  • IND Airport Fire Department - Station 1

    1.49 miles

  • Indianapolis Airport Police Department

    2.07 miles

  • Indianapolis International Airport Police Department

    2.13 miles

  • CVS Pharmacy

    2.41 miles

  • Walgreens

    2.61 miles

  • Decatur Township Fire Station 773

    2.74 miles

  • IND Airport Fire Station 2

    2.85 miles

  • Decatur Township Fire Station 771

    3.60 miles

  • Wayne Township Fire Station 883

    3.97 miles

  • Decatur Township Fire Department - Station #73

    4.13 miles

Frequently Asked Questions

What is the total square footage of Metro Air Business Park - Buildings 8 & 9?

Metro Air Business Park - Buildings 8 & 9 totals 977,625 square feet.

When was this property built?

Metro Air Business Park - Buildings 8 & 9 was built in 2020.

What is the market value for Metro Air Business Park - Buildings 8 & 9?

The market value* for Metro Air Business Park - Buildings 8 & 9 in 2022 was $39,690,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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