Grandstone is pleased to present a proposed Class A self storage development located off 56th Street in Indianapolis, Indiana. This shovel-ready project sits on 8.77 acres and will feature a total of 50,130 net rentable square feet across 171 climate-controlled and 393 non-climate-controlled units. The development also includes 136 outdoor parking spaces. With approved plans already in place, the facility will benefit from prominent frontage along 56th Street, which sees over 16,000 vehicles per day. The surrounding market is demographically strong, with a population of over 90,000 within a three-mile radius and more than 200,000 within five miles. The average household income within five miles is approximately $81,000. Additionally, the self storage market in this area remains undersupplied, with per capita storage saturation below national averages—8.11 square feet per person within three miles and 6.5 square feet within five miles—presenting a compelling opportunity for new development in a growing and accessible location.
INVESTMENT
HIGHLIGHTS
- Undersupplied Market
With only 8.11 SF per capita within a 3-mile radius and 6.5 SF per capita within 5 miles, the area presents a strong opportunity for new self storage development. Both figures are below national saturation averages, indicating unmet demand. - Attractive Demographics
The site is surrounded by a robust population base with over 203,000 residents within five miles and an average household income of $81,000, supporting long-term leasing potential.
- High-Traffic Location
Strategically located on 56th Street, the facility will benefit from excellent visibility and accessibility with 16,403 vehicles per day passing the site—ideal for driving awareness and walk-in traffic.
Broker of record: BRIAN BROCKMAN | Bang Realty Inc | bor@bangrealty.com | License: RB14037939
