48 North Emerson Ave., Suite 300, Greenwood, IN
Strategic Acquisition: Cost-Effective Heavy Industrial Property Secured in Indianapolis
CHALLENGE:
The client needed a property specifically zoned for heavy industrial use with minimal restrictions, a task made difficult by the rising prices in the commercial real estate market. Adhering to a strict budget while ensuring the property met all operational requirements added complexity to the search. The objective was to locate a cost-effective and suitable property that would fit the client’s specific needs without compromising on quality or location.
ACTION:
To address these challenges, a comprehensive search was initiated that included both on-market and off-market properties to expand the range of potential options. Each property was meticulously analyzed to ensure it met the zoning requirements and operational needs of the client. Key features of each viable property were highlighted and presented in detailed reports to the client. Throughout the process, efforts were made to ensure the client received all necessary information to make a well-informed decision, thus empowering them to choose the best possible option within their budget.
RESULTS:
Identified a property with:
• Expansive land size and flat topography.
• Location outside of the flood zone.
• CS zoning allowing I-3 uses with minimal restrictions.
- Achieved a 50% savings compared to the client’s initial budget.
- Delivered a property that perfectly matched the client’s requirements.