Infill Indianapolis Cold

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been exclusively retained to market for sale the fee-simplebinterest in Infill Indianapolis Cold (the “Property” or the “Offering”), a 90’s vintage 171,371 square foot, multi-tenant cold storagebor food-related industrial building “FRIB” located less than 20-minutes from downtown Indianapolis, that has been extensively improved by current ownership. This infill location directly adjacent to I-70 (<2-min drive) and within 5-minutes to the Indianapolis beltway ~I-465 allows tenants the ability to service nearly 2 million residents and the 100+ grocery stores within a 25-mile radius of the Property. Centrally located in the Midwest, this asset is surrounded by Indianapolis’s vast transportation infrastructure, allowing food-service providers and other cold-storage tenants both regional and national access with roughly 115 million total Americans within a single day’s truck drive (500 miles).

The Offering presents the rare opportunity to acquire highly functional, recently renovated multi-tenant cold storage product with a sticky tenant in-place, notable lease term remaining (with options), and the ability to grow cash flows significantly through the lease-up of the remaining vacancy. The high barrier to entry Indianapolis cold storage market is lighter on supply (1.3% of overall supply), creating stronger competition amongst users looking to lease these spaces. Infill Indianapolis Cold is well positioned to benefit from this lack of supply along with the high-growth fresh food service industry estimated to become a $67.4 billion dollar industry by 2034 due to its infill location highway access, building functionality, and extremely low cost-basis compared to modern cold product.