Skyrisecre Indianapolis Commercial Real Estate Company

07/08/2026

Downtown Indianapolis does not need another generic box to redevelop.

We are proud to announce Oliver Point Shoppes is pre-leasing for Q1/Q2 2027 at 610 Drover Street.

LINK: https://www.crexi.com/lease/properties/1210125/indiana-oliver-point-shoppes

Three approximately 2,079 SF suites designed for premium restaurant, coffee, wellness and specialty retail concepts meant to be one of main catalyst and "third place" locations for the high income earners in the direct vicinity:

• Modern masonry, metal and glass architecture
• Patio seating serving Suites A and B
• Premium end cap with dedicated drive-through lane and canopy
• Separate entrances, shared parking and prominent signage
• Potential future rooftop terrace

When you talk about demand drivers, they're already here and will only continue to expand:

• Directly across from Elanco’s $200M+ global headquarters
• TWG has plans for 210 apartments two minutes from the site across from Lucas Oil Stadium
• Less than one mile from Eli Lilly’s headquarters
• Immediate access to 14,000+ Lilly and Elanco employees
• Surrounding life sciences salaries averaging approximately $177,000 annually
• Minutes from Downtown, Lucas Oil Stadium, White River State Park and Back 9

This is built for concepts that want visibility, spending power and a customer experience that does not feel like conventional suburban retail.
Tenant rep brokers and expanding operators, let’s talk.
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I’m Jumha Shatara of SKYRISECRE, the Indianapolis Retail Real Estate Broker. I help investors from $1M to $10M+ navigate commercial real estate markets across Indiana.

Direct: 317-832-2800
Email: [email protected]

Retail space for lease at 610 Drover Avenue, Indianapolis, IN 46221. Visit Crexi.com to read property details & contact the listing broker.

05/12/2026

RECENTLY LEASED | Industrial | Tenant Representation | 1936 S Lynhurst Dr, Indianapolis, IN 46241

We recently helped a metal fabrication company lease 6,677 SF of industrial space at 1936 S Lynhurst Dr in Indianapolis.

This was a brand-new venture for the tenant.

Historically, they performed most of their work on-site at their clients’ locations. Leasing their own space meant they needed to think through the operation differently, including layout, workflow, machinery, power, loading, and long-term growth.

The Need
For a fabrication shop, the space could not just be “available industrial.”
It had to work for the business.

Key drivers included:
• Enough space for fabrication equipment and material handling
• Power capacity to support shop machinery
• Both dock and drive-in access
• Functional warehouse layout for production flow
• Proximity to industrial and corporate clientele
• A location that allowed them to grow into the next phase of the business

The Process
Since this was their first leased facility, we helped them evaluate the space from both a real estate and operational standpoint.
The focus was not just rent and square footage.

It was:
• Where machines would go
• How material would move in and out
• Whether loading access supported the work
• Whether the space could support their current needs and future growth
• How the lease terms would affect the business long term

The Outcome
We navigated the lease structure and helped secure a space that gave the tenant a practical launch point for the new venture.

The final result was a 6,677 SF industrial lease with the right mix of layout, access, power, and location for a metal fabrication user.

For a company moving from client-site work into its own dedicated shop, the goal was simple:

Get into a space that works today, but does not force another move tomorrow.

I’m Jumha Shatara of SKYRISECRE, and I help tenants and owner-users navigate industrial real estate across Indiana.

05/05/2026

RECENTLY LEASED | Industrial | Landlord Representation | 4316 W Minnesota St, Indianapolis, IN 46241

We recently completed a 22,335 SF industrial lease at 4316 W Minnesota St in Indianapolis, representing the landlord/sublandlord.

The building totals approximately 76,464 SF, which created a specific challenge.

The Issue

The active tenant demand was not necessarily for the entire building.

Over the last 24 months, the strongest leasing activity was in the 15,000 to 30,000 SF range, where the market showed:

• 246,900 SF leased
• 20,576 SF average leased size
• $7.13/SF NNN average asking rent
• 12.1 months average time to lease
• 11.2 months average vacancy period

Our vacancy was 22,335 SF, which fit directly inside the most active tenant size band.

But the building itself was larger at 76,464 SF, and the broader large-building comparable set had thinner velocity, with only 3 leases recorded over the same 24-month period.

The Process

Instead of marketing the space generically, we positioned it around the user profile most likely to move:

• Logistics companies
• Distribution users
• Service industrial tenants
• Tenants needing warehouse functionality, vehicle access, and southwest Indianapolis connectivity

The strategy was to focus on where demand was actually showing up, not just the total building size.

The Outcome

We secured a large logistics tenant for 22,335 SF in 5 months and 16 days.

Compared to the market’s 12.1-month average time to lease, we completed the lease in roughly 46% of the average timeline, or about 54% faster than market average.

That converted a partial-building vacancy into income and improved the asset’s performance without waiting on a full-building user.

This is where landlord representation matters.

It is not just about exposure.

It is about reading the market, understanding the tenant profile that fits, and positioning the vacancy where demand is strongest.

I’m Jumha Shatara.
I help investors and operators across Indiana acquire, sell, and lease commercial real estate that supports real growth.

Website: skyrisecre.com/contact

04/29/2026

JUST SOLD | 6352 Airway Drive, Indianapolis, IN 46241 | INDUSTRIAL | 51,589 SF

I met Tanh Truong over 2+ years ago. He told me his story of transitioning out of the pharmacy world and starting to deploy capital into retail and industrial assets.

We stayed in touch, became friends, and I watched how he approached deals.

Before we ever worked together, he had already acquired this property in Indianapolis as a sale-leaseback with a business buyout component.

The Situation
What looked good on paper quickly turned into a real problem:

• The former owner of the business moved into the back portion of the building
• They prepaid year one rent upfront
• Then defaulted

Now the deal had a major issue:

• 38% vacancy overnight
• No separate utilities/meters
• Suboptimal clear height in portions of the building
• Functional obsolescence for multi-tenant repositioning

The property had already been taken to market prior… and didn’t move.

The Reality
Going in, expectations had to be reset:

• Softer market compared to prior year
• Estimated 9–10 months to sell
• Pricing adjusted based on real physical + leasing constraints

This wasn’t a “list it and it sells” asset.

The Strategy
We repositioned the narrative completely:

• Targeted owner-users instead of pure investors
• Focused on groups that could:
Occupy a portion
Stabilize remaining vacancy over time
• Leaned into groups with in-house construction capability
The goal wasn’t just to sell.
It was to find the right buyer for this exact situation.

The Buyer
We found a group that checked every box:
• Owner-user mindset
• Construction company backing
• Understood the building’s limitations
• Saw opportunity where others saw friction

To bridge the gap:
• Negotiated a minor value adjustment tied to masonry repairs
• Structured a temporary lease to offset upfront costs
• Allowed buyer to begin operational setup pre-closing

The Result
• Property under contract in half the expected timeline
• Closed within ~2% of the high-end pricing guidance

The Takeaway
Deals like this don’t happen by accident.

They happen when:

• You understand the real issues
• You position to the right buyer pool
• You structure around problems instead of ignoring them

And honestly, it makes it better when you’re doing it with people you respect.
Looking forward to doing a lot more with Tanh and his group.
--

I’m Jumha Shatara of SKYRISECRE, and I help investors from $1M to $10M+ navigate industrial real estate across Indiana.

If you’re sitting on a deal that “should sell but isn’t,” there’s usually a reason. Let's talk about it.

04/20/2026

JUST CLOSED | 4441 North Franklin Road, Indianapolis, IN 46226 | OFFICE

I met Faith through another fellow attorney and friend Joanne McAnlis that she had the need to grow out of our office lease.

The goal was clear from day one. She wanted to be in an area of Indianapolis that actually contributes to economic growth, specifically within designated Historically Underutilized Business Zones tied to long term redevelopment and business incentives.

At the same time, her timeline changed fast. Her landlord significantly shortened her move out window, which forced us to act immediately and make a decision under pressure.

This property had been sitting on the market for 308 days. Based on that and the pricing, I knew we had room to be aggressive.

We got under contract quickly.

Once in diligence, we uncovered several cosmetic issues that were not visible during the initial tour. That led to some back and forth on concessions, but we ultimately landed at a number that worked for both sides.

We also negotiated about a week of post possession for the seller to fully vacate, which helped keep the deal moving without delays.

End result:
• Buyer secures a property aligned with her growth plans
• Positioned in an area tied to real economic development
• Basis supports future flexibility as an income producing asset if needed

This is exactly how we approach buyer representation. Align location, timing, and economics without forcing a deal that doesn’t make sense.
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If you’re looking to acquire in Indianapolis and want to understand where the real opportunity is, reach out.
I’m Jumha Shatara of SKYRISECRE, and I help investors and owner-users from $1M to $10M+ navigate commercial real estate markets across Indiana.

04/17/2026

JUST SOLD | 3050 S. Arlington Ave, Indianapolis, IN 46203 | 35,000 SF

Definitely one of my highest points personally in this business.

I met Steve on a cold call, and when we first connected in July 2025, I knew I would be competing to win the listing, as he was receiving a ton of calls.

He worked in metal fabrication for close to 30 years, and when the business was shutting down after selling his other facility in North Dakota, he was evaluating what to do with this one.

After meeting a few times and speaking with others affiliated with the business, I secured the listing.

We implemented our playbook, targeting the most ideal buyers and brokers for a single-tenant property on nearly 6 acres with outdoor storage, which is rare in Indianapolis, especially in the southeast corridor where properties don’t trade often.

There was a major caveat. The $500,000 powder coat line had to be included in the sale. No exceptions.
It occupies 8,500 SF of the 35,000 SF building, and if removed, the value would drop significantly since these systems are typically custom-built.

While the real estate itself was valuable, the lack of comparable sales and the specialized equipment that most buyers wouldn’t use made this challenging.

We adjusted our standard playbook and still generated strong traction.

Initial results within the first 14 days:
• 18 showings
• 5 offers

The biggest priority was certainty, especially given the potential for a buyer to restart the business and lease the property.

After going back and forth with several groups, we landed on a buyer whose team moved quickly, had a short closing timeline, and purchased an additional $150,000 of equipment, which was a bonus for the seller.

When looking at net proceeds, the seller made $1.8 million more working with our team.

Even though this marks the end of a chapter for him and his family, it’s great to see them happy with the outcome.

As always, our team is looking for single- and multi-tenant industrial assets throughout Indiana.
Curious what your property is worth. Feel free to reach out.
--
I’m Jumha Shatara of SKYRISECRE, and I help investors from $1M to $10M+ navigate commercial real estate markets across Indiana.

03/26/2026

"Wait, my property is on two parcels?" A lesson in asset management in real time.

On an assignment where I was engaged as the landlord rep, I toured a building that a local owner/user had for his business.

After moving back to his original location, the building sat vacant for the past two years and was constantly getting broken into with no real tenants in sight that would pay market rent.

While touring the site, I already had a couple of multi unit grocery operators in mind to pitch before we even hit the market.

We were still able to position a competitive rate for the landlord, get tours lined up, and shortly after, we had an LOI to review with the owner.

The owner mentioned he had some back taxes, so we structured the deal to include a deposit outside of the security deposit to provide some relief, in exchange for a favorable rent structure and a locked in purchase option.

But as we were reviewing the LOI with the owner’s wife, they asked why I had included two parcels. My response was, “Well, the parking stalls are on a separate lot.”

After checking the tax card, we realized that smaller lot had already been sold at tax sale, and they believed they still had time to redeem it thus making the original building inoperable with the remaining parking.

Now we are working to locate the buyer of that lot to see if we can buy it back and salvage the deal.

The takeaway: no matter the size of the property, details that seem small like understanding how many parcels are tied to a site can make or break a deal and should always be verified upfront.

03/24/2026

I’d be curious what the average timelines are for a typical tenant when they have a lease expiring before they begin considering a renewal or finding a new location.

We get calls in the 1,500 to 10,000+ SF range where a lease decision needs to be made within 30, 60, or 90 days, when in reality we should probably have 12 to 24 months to find something that truly fits what they are looking for.

Are there times where we as tenant rep brokers can step in and make it happen? Sure.

But is it realistic for all parties, including the landlord, their broker, legal, operations, the tenant, myself, their legal team, and other stakeholders, to work through everything with a compressed timeline in mind? Not always.

Most of the time, when planning is not done upfront, you will see many occupiers end up renewing without ever getting a real world view of what could have been for their company, and that is quite unfortunate.

02/24/2026

RECENTLY LEASED | Industrial | Tenant Representation | Carmel Submarket | 20418 Commerce Park Dr, Westfield, IN 46074

This Westfield industrial lease was the culmination of sourcing product in an extremely supply-constrained submarket while representing a company growing exponentially.

The tenant had occupied their previous space since 2021, and it was long overdue for them to make a move to double their square footage.

However, there were key considerations we had to address.

• They needed office space while also operating in a warehouse/flex environment for the assembly of their luxury rosary goods.
• This type of setup would not function in a standard 3–5 story office building.

While flex space options existed, they were limited, and most layouts did not support the collaborative, open-office (tech-style) environment their team wanted.

What we prioritized

Securing a flex space with HVAC throughout the entire premises (which is extremely rare or expensive to retrofit), while allowing the warehouse components to integrate seamlessly with an open-air office layout.

Result
• Secured industrial space in Westfield
• Maintained a location convenient for their growing employee base
• Locked in favorable rates and lease terms

I’m Jumha Shatara, and I help $1M to $10M investors and operators acquire, lease, and reposition commercial real estate across Indiana.

Website: skyrisecre.com/contact

02/19/2026

FOR LEASE | 911 Oliver Avenue, Indianapolis, IN 46221
911 Oliver Ave Auto Plaza
Listing Link: https://www.crexi.com/lease/properties/1112680/indiana-911-oliver-ave-for-lease---auto-sales

• ±500 SF office building
• $3,000 per month Modified Gross
• Possible parking for 20 to 30 vehicles
• Zoning C-1 with variance for Auto Sales

Why it works:
Hard to find auto sales lot with existing variance already in place.
Small office footprint with substantial outdoor vehicle capacity ideal for independent dealers or operators needing functionality over excess overhead.

Property Features:
• Well and municipal sewer
• Standard office electrical service
• Newer window unit
• Refinished interior for immediate occupancy
• All interior and exterior responsibilities fall on tenant

Location Highlights:
• Near Downtown Indianapolis
• Minutes from White River State Park, JW Marriott, Lucas Oil Stadium, and Elanco campus
• Strong visibility and accessibility in a rapidly developing corridor

Auto lots that actually function with usable parking and proper zoning are extremely limited in Indianapolis, especially near the urban core.

If you are looking for an operational ready auto sales location with real vehicle capacity, this deserves a look.

For full details, call 317 832 2800
[email protected]

I am Jumha Shatara, and I help $1M to $10M investors and owner operators acquire, lease, and reposition commercial real estate across Indiana.