609 Commerce Rd - Warehouse FOR SALE


Richmond, IN 47374
$1,350,000 USD
765-994-8822
609 Commerce Rd, Richmond, IN for Sale
$1,350,000 USD
Warehouse - FOR SALE
1/14
null | 6% Cap Rate

609 Commerce Rd
Richmond, IN 47374


HIGHLIGHTS

  • Combination of high ceilings and substantial office space creates a versatile layout for a variety of industrial and commercial applications
  • Ideal for transportation, warehousing, distribution, logistics, or manufacturing
  • Conveniently located just off the I-70/US-40 interchange, with excellent access to major north-south transportation corridors, including I-65 and I-75

OVERVIEW

This ±13,375 SF industrial facility has been home to FedEx since 1987, serving Richmond and the surrounding markets. The property is strategically positioned for transportation, distribution, warehousing, and light manufacturing uses. Investment Highlights: • Corporate FedEx tenancy with nearly 2 years remaining on the existing lease • FedEx Corporation is a global leader in express transportation and logistics • FedEx Corporation has a market capitalization of approximately $70 billion and an S&P BBB credit rating • ±13,375 SF building situated on a generous ± 2.44-acre site • Combination of high ceilings and substantial office space creates a versatile layout for a variety of industrial and commercial applications • Ideal for transportation, warehousing, distribution, logistics, or manufacturing Strategic Location: The property is conveniently located just off the I-70/US-40 interchange, with excellent access to major north-south transportation corridors, including I-65 and I-75. The surrounding trade area features numerous national retailers and commercial users, including Walmart, Kroger, Dick's Sporting Goods, Best Buy, and others. Richmond's central location provides convenient access to major Midwest markets, including Indianapolis, Cincinnati, Columbus, and Fort Wayne, making the property well positioned for regional distribution and logistics operations. Richmond is also home to four higher-education institutions: Earlham College, Indiana University East, Ivy Tech Community College of Indiana, and Purdue Polytechnic Institute – Richmond. For additional information, please contact Alan Stamper at 765-994-8822.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fedex Express

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.44

LAND SF

106,069

ZONING

ZO01

APN/PARCEL ID

89-16-36-100-128.002-030

ASK ABOUT THIS PROPERTY

Alan StamperColdwell Banker LingleMore Info
765-994-8822

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Alan StamperColdwell Banker LingleMore Info
765-994-8822

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