NEW CONSTRUCTION — FULLY LEASED COMMERCIAL INVESTMENT
1,448 SF FLEX COMMERCIAL CONDO (Duplex 1 side is 1 unit)
Franklin, Indiana
ASKING PRICE: $280,000 per unit
TURNKEY INCOME-PRODUCING INVESTMENT
Own a brand-new commercial flex unit with an established tenant already in place.
Investment Highlights
• $280,000 purchase price
• 1,448 SF new-construction flex space
• $1,700/month current rent
• $20,400 annual scheduled rental income
• 7.29% gross rental yield
• Tenant currently in place
• Approximately 18 months remaining on current 3-year lease
• New construction
• Approximately 1,200 SF warehouse
• Approximately 200 SF finished office
• Private restroom
• 10' drive-in overhead door
• 12' clear ceiling height
• Light-industrial/flex use
• Franklin, Indiana location
WHY THIS PROPERTY?
BUY NEW — WITHOUT WAITING FOR A TENANT
This is not a vacant commercial shell. The property is already leased and generating $1,700 per month in rental income.
The purchaser acquires a newer commercial asset with an existing income stream and the potential for long-term appreciation.
CURRENT INCOME
Investment Metric Amount
Purchase Price $280,000
Monthly Rent $1,700
Annual Scheduled Rent $20,400
Gross Rental Yield 7.29%
Building Size 1,448 SF
Price/SF $193.37
Gross rental yield is calculated before property taxes, insurance, association fees, maintenance, financing and other expenses.
FUTURE OWNERSHIP STRUCTURE
The development is transitioning toward an individual commercial condominium ownership structure with an Owners Association.
The current modified-gross lease structure is expected to transition toward an NNN/Owners Association expense structure as the property is condoed.
This provides the opportunity for the purchaser to own an individual commercial asset while common-area and shared-property responsibilities are managed through the Owners Association.
IDEAL FOR
INVESTORS
Acquire a new commercial property with an existing tenant and established rental income.
BUSINESS OWNERS
Build equity by owning commercial real estate rather than leasing indefinitely.
SMALL-BUSINESS OPERATORS
Ideal for contractors, trades, service businesses, distributors, e-commerce operations, light industrial users and other businesses needing a combination of office and warehouse space.
LIMITED AVAILABILITY
Only two units are being offered for sale within this nine-unit development.
Purchase one unit or inquire about purchasing both.
$280,000 PER UNIT
Private showings available by appointment.
All financial figures, lease terms, association structure and future expense responsibilities should be independently verified by prospective purchasers. Buyer to conduct its own due diligence regarding zoning, taxes, insurance, association documents, lease terms and operating expenses.