5100 S Meridian Rd - Warehouse FOR SALE


Mitchell, IN 47446
$7,475,000 USD
203-253-9455
5100 S Meridian Rd, Mitchell, IN for Sale
$7,475,000 USD
Warehouse - FOR SALE
1/3
null | 7.5% Cap Rate

5100 S Meridian Rd
Mitchell, IN 47446


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Brand New, 20-Year Sale-Leaseback
  • Attractive Rental Increases
  • Mission Critical Facility

OVERVIEW

Surmount is pleased to present the exclusive listing for a Basin Industries property located at 240 South Meridian Road, Mitchell, IN 47446. The site consists of roughly 78,000 rentable square feet of building space on an estimated 7.53-acre parcel of land. Basin Industries is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $560,625 and has scheduled increases of 2.00% annually

FOR SALE DETAILS

PRICE

$7,475,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Basin Industries

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

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

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.53

LAND SF

328,007

ZONING

I-2

APN/PARCEL ID

47-11-24-400-046.000-004

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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