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Marcus & Millichap Brokers Sale Of 51,989 Square Feet Industrial Property In Indianapolis For $6.68M

Property Image
SOLD
$6,675,000
Gus Poulos
Forest Bender
Joseph DiSalvo

Indiana

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Industrial51,989 SF
Sold 12/30/2025
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Property Image
SOLD

Marcus & Millichap Brokers Sale Of 51,989 Square Feet Industrial Property In Indianapolis For $6.68M

3823 Massachusetts Avenue

See Similar Deals
Industrial51,989 SF
Sold 12/30/2025
Gus Poulos
Forest Bender
Joseph DiSalvo
the dealplayerscompscontact
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Summary

INDIANA
Asset Type:Industrial
Price Per Square Foot:$128
Total Square Footage:51,989 SF
Transaction Type:Sale

The property asset involved in the transaction is a 51,989-square-foot, single-tenant industrial building located at 3823 East Massachusetts Avenue in Indianapolis, IN. The sale was concluded for $6,675,000, with a price per square foot of $128. The site spans 5.6 acres and features a tenant net-leased to Service Electric Company, a subsidiary of Quanta Services, following renovations in 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,675,000
  • Square Footage: 51,989
  • Address: 3823 East Massachusetts Avenue
  • Market: Indianapolis, IN
  • Acres: 5.6
  • Price per Square Foot: $128

Gus Poulos, Forest Bender, and Joseph DiSalvo from Marcus & Millichap represented a local seller and an out-of-market buyer in this transaction. The involvement of these brokers highlights their role in facilitating the deal and connecting the parties for a successful sale.

Players

Joseph DiSalvo
Marcus & Millichap
Joseph DiSalvo
11 deals$43.8M volume
BROKER
Forest Bender
Marcus & Millichap
Forest Bender
5 deals$23.7M volume
BROKER
Gus Poulos
Marcus & Millichap
Gus Poulos
2 deals$18.2M volume
BROKER

Details

SOLD
IMAGE: 12/30/2025 ADDRESS: 3823 East Massachusetts Avenue MARKET: Indianapolis, IN ASSET TYPE: Industrial ~ ACRES: 5.6 BROKERS: Gus Poulos, Forest Bender & Joseph DiSalvo - Marcus & Millichap SALE PRICE: $6,675,000 SF: 51,989 ~ PPSF: $128 NOTE: Marcus & Millichap brokered the $6.68 million sale of a 51,989-square-foot, single-tenant industrial building at 3823 E. Massachusetts Ave. in Indianapolis. Gus Poulos, Forest Bender, and Joseph DiSalvo represented a local seller and an out-of-market buyer; the 2022-renovated asset is net-leased to Service Electric Company, a Quanta Services subsidiary.

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