Indy
- Date Acquired: December 2018
- Location: Indianapolis, IN
- Asset Type: Vacant Former Grocery Store
- Post Acquisition Strategy: Self-Storage Conversion and Re-plat
About this Property
Background
In December 2018, Larkspur acquired a 60,000 square foot former Marsh Supermarket in Indianapolis, IN, The building had been vacant for over two years but was well located on a main traffic corridor with excellent connectivity to I-70 and I-465.
Results
Larkspur’s initial plan to rezone the property for self- storage use was denied, and Larkspur subsequently sold to a local developer at a slight profit .
