1450 Commerce Pky - Manufacturing FOR SALE
Franklin, IN 46131 |
1450 Commerce Pky
Franklin, IN 46131
HIGHLIGHTS
- The property is 100%-leased to Shipston Aluminum Technologies through early 2028 on an absolute net basis.
- Highway access to Indianapolis, home to the second-largest FedEx hub, or Louisville, with one of the busiest cargo airports in the world.
- Shipston Aluminum does not currently occupy the space, but they are current on their rent and have a lease guarantee in place.
- The 32.60-acre property is large enough to provide future expansions to the facility should an owner-user or a new tenant expand capabilities.
- There is the opportunity for an owner-user or investor to negotiate an early termination of the lease and quickly occupy the improved space.
- The South Indianapolis submarket vacancy rate is 3.6%, which is less than the Indianapolis market.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Shipston Aluminum Technologies
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
UTILITIES
-
CLEAR CEILING HT
20 Ft
DOCKS
8
DRIVE INS
2
PARKING SPACES
211
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
41-08-11-043-001.000-009
