510 Indianapolis Ave

Located directly off of Indianapolis Avenue with excellent connectivity to Highway I-65 (+/- 1 mile).SVN | Northern Commercial is pleased to present 510 Indianapolis Ave for sale, a +/- 37,000 SF multi-tenant heavy industrial property on 4.57 acres in Lebanon, IN. The offering presents a rare opportunity to acquire a multi-tenant industrial asset with nearly three acres of additional outdoor storage. The property appeals to both owner-users and investors, with 11,800 SF of warehouse space available for immediate owner-user occupancy (contact broker for details). The building has recently undergone extensive renovations - roof coating, yard base & expansion, full office remodel, all new LED lighting, new drive-in doors, exterior paint, new gutters, and more. Currently, the property is leased to three (3) tenants, generating approximately $341,488 in NOI/year (11.57% going in Cap Rate). Given Lebanon's significant growth over the past five years (Eli Lilly expansion, LEAP district, etc.), the asset is well-positioned for continued appreciation and rent growth over the coming years.SVN | Northern Commercial is pleased to present 510 Indianapolis Ave for lease, a +/- 37,000 SF heavy industrial property with 11,800 SF available for immediate occupancy. The building has recently undergone extensive renovations - roof coating, yard base & expansion, full office remodel, all new LED lighting, new drive-in doors, exterior paint, new gutters, and more.