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.