12000 Exit 5 Pky - Manufacturing FOR SALE


Fishers, IN 46037- Fishers/Hawthorn Hills
$7,200,000 USD
317-269-1064
12000 Exit 5 Pky, Fishers, IN for Sale
$7,200,000 USD
Manufacturing - FOR SALE
1/21
null | 7.74% Cap Rate

12000 Exit 5 Pky
Fishers, IN 46037
Fishers/Hawthorn Hills


HIGHLIGHTS

  • 42,859 SF TOTAL PROJECT SIZE
  • 4.97 ACRES
  • $557,166 IN-PLACE NOI
  • 102 PARKING SPACES
  • 100% PERCENT LEASED

OVERVIEW

Premier Location and Submarket: Highly desirable location with Interstate 69 frontage in the highly regarded City of Fishers. The building provides high visibility interstate signage. The City of Fishers is one of America’s most highly educated, affluent and rapidly growing suburban cities. All segments of new development In Fishers are on the high end of the quality spectrum, earn premium market rents, and consistently achieve some of the lowest cap rates in the Indy Metro. Long Term Tenancy: Founded in 1984, OfficeWorks is a market leading furniture dealer representing multiple furniture lines and auxiliary services. Furniture lines include being an Exclusive Certified Miller Knoll dealer for Indiana, Central Kentucky and beyond. OfficeWorks initially leased the property as a build-to-suit in 1999. Since their occupancy, Officeworks has invested millions of dollars into the leased premises through a series of renewals and amendments. The most recent lease amendment extends their lease into 2030. Flexibility: The property is situated on a 4.97-acre site and allows for expansion of the existing building. The building boasts both high-end two-story office space and a 28’ clear warehouse space with two docks and four drive-in doors. Single Tenant Triple Net Lease: The Lease includes minimal Landlord responsibilities for only foundation or structural elements of the building, the roof and roof system. Landlord may collect reimbursements of capital improvements or expenditures amortized over the useful life.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

102

LAND DETAILS

LAND ACRES

5.03

LAND SF

218,955

ZONING

PD

APN/PARCEL ID

29-11-31-000-028.007-006

ASK ABOUT THIS PROPERTY

Kyle PowellCBREMore Info
317-269-1064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kyle PowellCBREMore Info
317-269-1064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.