1 Steel Way - Warehouse FOR SALE
North Vernon, IN 47265 |
$4,808,000 USD
203-610-1541
1 Steel Way
North Vernon, IN 47265
HIGHLIGHTS
- Absolute NNN lease
- Family-owned steel company with four decades of operating history
- Mission-critical facility with 20+ years of occupancy and a waived termination right, reinforcing long-term commitment to the location
- IATF 16949 certification tied to building
- Nearby industrial tenants include Lowe’s 867,000 SF distribution center, Novolex Recycling, and North Vernon Beverage
FOR SALE DETAILS
PRICE
$4,808,000 USD
PRICE/SF
$41 USD /SF
CAP RATE
7.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Net Leased Industrial
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1955
UTILITIES
-
CLEAR CEILING HT
35 Ft
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9.5
LAND SF
413,820
ZONING
-
APN/PARCEL ID
40-09-33-100-005.000-004,40-09-34-200-026.000-004
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203-610-1541
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203-610-1541
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