World Connect at AmeriPlex - Building 3

Off-Market

5425 Exploration Drive, Indianapolis, IN 46241

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 620,935 SF
  • Lot Size 47.25 Acre
  • Parking Spaces Avail. 434
  • Parking Ratio 0.70 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified
  • Building Class A
  • Year Built 2018

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 Date 10 Oct, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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

  • Walk Score ®

    2/100 Car-Dependent

  • Transit Score ®

    15/100 Minimal Transit

  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Ameriplex
  • Zip Code 46241
  • Market Indianapolis

Points of Interest

  • Indiana University/Riley

    9.53 miles

  • Indianapolis Union Station

    9.62 miles

  • Mobil

    0.70 miles

  • Circle K/Shell

    1.06 miles

  • Circle K/Marathon

    1.59 miles

  • BP

    2.23 miles

  • Shell

    2.32 miles

  • Speedway

    2.36 miles

  • Marathon

    2.66 miles

  • Phillips 66

    3.05 miles

  • Kroger

    3.12 miles

  • Blu

    3.17 miles

  • FastPark & Relax

    0.69 miles

  • Employee Parking

    0.95 miles

  • Cell Phone Lot (overflow)

    1.06 miles

  • Cell Phone Lot

    1.09 miles

  • Truck Parking

    1.19 miles

  • Indianapolis International Airport - Economy Parking Lot

    1.55 miles

  • ATCT Parking

    1.60 miles

  • Visitor Parking

    1.64 miles

  • Indianapolis International Airport - Former Long Term Parking Lot

    1.79 miles

  • Indianapolis International Airport Parking Garage

    2.02 miles

  • Subway

    1.06 miles

  • Papa John's

    1.67 miles

  • Dunkin' Donuts

    1.70 miles

  • Starbucks - Circle City News

    2.11 miles

  • Harry and Izzy's

    2.12 miles

  • Rally's

    2.14 miles

  • McDonald's

    2.16 miles

  • Nature's Table

    2.16 miles

  • Qdoba

    2.16 miles

  • Indianapolis 500 Grill

    2.16 miles

  • Fountain Square Market

    2.13 miles

  • Walmart Neighborhood Market

    2.44 miles

  • Walmart Supercenter

    3.14 miles

  • The Shoppes at Perry Crossing

    3.19 miles

  • Target

    3.22 miles

  • Walmart Supercenter

    3.57 miles

  • ALDI

    3.59 miles

  • Aldi

    3.69 miles

  • Kroger

    3.95 miles

  • Kroger

    4.47 miles

  • Decatur Township Fire Station 773

    1.25 miles

  • IND Airport Fire Department - Station 1

    1.83 miles

  • Indianapolis Airport Police Department

    2.13 miles

  • Indianapolis International Airport Police Department

    2.13 miles

  • Decatur Township Fire Station 771

    2.13 miles

  • Decatur Township Fire Station 772

    2.66 miles

  • Decatur Township Fire Department - Station #73

    2.67 miles

  • IND Airport Fire Station 2

    2.79 miles

  • Walmart Pharmacy

    3.07 miles

  • CVS Pharmacy

    4.02 miles

Frequently Asked Questions

What is the total square footage of World Connect at AmeriPlex - Building 3?

World Connect at AmeriPlex - Building 3 totals 620,935 square feet.

When was this property built?

World Connect at AmeriPlex - Building 3 was built in 2018.

When was World Connect at AmeriPlex - Building 3 last sold?

World Connect at AmeriPlex - Building 3 was last sold on 10 Oct, 2019.

What is the market value for World Connect at AmeriPlex - Building 3?

The market value* for World Connect at AmeriPlex - Building 3 in 2022 was $30,187,300.
*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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