816 Millbrook Ln - Distribution FOR SALE


Kokomo, IN 46901
$2,475,000 USD
317-908-6479
816 Millbrook Ln, Kokomo, IN for Sale
$2,475,000 USD
Distribution - FOR SALE
1/8
null | 9.03% Cap Rate

816 Millbrook Ln
Kokomo, IN 46901


OVERVIEW

Allies Commercial Realty is pleased to present 816 Millbrook Lane in Kokomo, Indiana, a versatile industrial owner-user or investment opportunity featuring 31,800 square feet across two buildings on 5.19 acres. The property includes a 21,000 SF main facility with approximately 18,080 SF of warehouse space and 2,920 SF of office, along with a separate 10,800 SF warehouse building. An additional 3.16 acres of expansion land provides significant flexibility for future building expansion, additional yard area, or other improvements. The facility is well equipped for manufacturing, distribution, and other industrial operations with 22'6" clear heights, 1,125 amps of 3-phase power, radiant warehouse heat, two dock doors, and six drive-in doors, including oversized 25' × 14' and 17' × 14' doors. The office component includes 12 private offices, two conference rooms, and two restrooms. The property is zoned LI (Light Industrial). The property is currently leased through December 2029, offering an investor existing cash flow with **3% annual rental escalations**. The lease also provides the landlord with the ability to terminate upon a sale with 90 days' written notice, creating flexibility for an owner-user seeking future occupancy. Located in Kokomo, the property benefits from its position within one of Indiana's established manufacturing markets and an area experiencing significant continued investment in automotive, battery, and advanced manufacturing. Asking Price: $2,475,000.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

9.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ross Supply

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

undefined, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Lighting - undefined, Heating - Gas

CLEAR CEILING HT

22.5 Ft

DOCKS

2

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.19

LAND SF

226,076

ZONING

LI

APN/PARCEL ID

34-03-35-453-004.000-002

ASK ABOUT THIS PROPERTY

Adam StephensonAllies Commercial RealtyMore Info
317-908-6479

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Adam StephensonAllies Commercial RealtyMore Info
317-908-6479

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