Fulton Realty Capital advised an individual investor on the acquisition of a multi-tenant, flex-industrial property in the Indianapolis, Indiana metro area. The opportunity was sourced by Fulton's commercial real estate team, who also secured fixed-rate, life insurance company financing and led all negotiations.
The 57,000 SF, single-story property is situated in an in-fill location, accessible via multiple major highways and thoroughfares. It features versatile layouts with direct access to each suite.
Priced below replacement cost, and 92% occupied at the time of closing, the investment offers tangible upside. Current tenants include a mix of regional and local companies, positioned across multiple industries.