2615 Endress Pl - Manufacturing FOR SALE


Greenwood, IN 46143- Southside Indianapolis
$6,000,000 USD
317-219-8070
2615 Endress Pl, Greenwood, IN for Sale
$6,000,000 USD
Manufacturing - FOR SALE
1/7
null | 8.5% Cap Rate

2615 Endress Pl
Greenwood, IN 46143
Southside Indianapolis


OVERVIEW

Indianapolis MSA Investment Offering INVESTMENT/LEASE SUMMARY Lease Commencement: 8/1/2023  Lease Expiration: 7/31/2030  Lease Term Remaining: ± 5.3 Years  Options: Two (2) 5 Year Extensions  1st Extension: $5.30/SF NNN  2nd Extension: $5.52/SF NNN  Monthly Base Rent: $42,561.23  Annual Base Rent: $510,739.50  Average Rent/SF (initial term): $4.71  Lease Type: NNN  Estimated 2025 OPEX: $1.17/SF  PROPERTY SUMMARY  Total Building Sq. Ft. 100,145 SF  Warehouse / Office: 96,890 SF / 3,255 SF  Acres: 5.048 AC  Year Built: 1976  Year Renovated: 2013  Docks/Drive-ins: 6/4  Clear height: 21’ - 31’  Column spacing: 25’L x 50’W  Zoning I-L (Industrial Large)  Age of Roof 11 years, replaced in 2013 / 0.45 Reinforced EPDM  Construction Varco Pruden / pre-engineered metal

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indianapolis MSA Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

31 Ft

DOCKS

7

DRIVE INS

4

PARKING SPACES

67

LAND DETAILS

LAND ACRES

5

LAND SF

217,800

ZONING

I-L

APN/PARCEL ID

41-05-09-043-030.000-030

ASK ABOUT THIS PROPERTY

Conrad JacobsAffinity-CorpMore Info
317-219-8070

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

Conrad JacobsAffinity-CorpMore Info
317-219-8070

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