4250 99Th StCarmel, IN 46032

Property Details for 4250 99Th St

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

1.46 AC

Property size (Sq ft)

21,000 SF

Property type

Warehouses

APN

29-13-07-010-004.002-018

APU

291307010004002018

Description

This exceptional 21,000-square-foot industrial property in the Mayflower Park - Carmel submarket presents a unique opportunity for single or multi-tenant occupancy. Built in 2001 and extensively renovated in 2024, the building boasts a single story, offering 17' to 19' clear ceiling heights. The space is divisible, with a minimum leasable area of 8,400 square feet and a maximum contiguous space of 21,000 square feet. Two suites are available, each offering significant flexibility. One suite encompasses approximately 12,600 square feet, including 965 square feet of office space (or build-to-suit options are available). The second suite offers 8,400 square feet, also with 965 square feet of office space (or build-to-suit). The property features two 8'x9' loading docks and three 12'x14' drive-in doors, ensuring efficient loading and unloading. Power is provided by a 120/280-volt, 800-amp, 3-phase system. The property is zoned I-2 and benefits from convenient access to US 421, I-465, and I-65. The property is ready for tenant improvements in January 2025. The lease rate is $13.95 per square foot, NNN, with estimated 2024 operating expenses of $2.30 per square foot.

• Alternative Use

  Use

  Valuation

  Residential

  $3,124,106

  Hospitality

  $2,861,664

  Educational

  $2,380,871

  Medical

  $2,462,753

  Retail

  $3,703,577

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.931

Longitude

-86.2384

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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