Historical Industrial Sale Listing - Ford-Toyota Distribution Center

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Ford-Toyota Distribution Center

U.S. 41 North & County Road 100 West, Princeton, IN 47670

N/A

368,430 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
368,430 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Additional Sub-types:
Warehouse
Property Use Type:
Investment
Cap Rate:
9.80%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
38 AC
Listing ID
15598120
Last Updated
over 1 year ago

Utilities

  • Trailer Parking
  • Electricity/Power
  • Sprinklers

Highlights

  • Assume favorable existing debt in terms of leverage, rate and amortization
  • 2 Miles north of Toyota Motor's 4 million s.f. truck plant (employs 4,700), one of Toyota's largest plants worldwide
  • 16+/- Acres available for building expansion or truck/trailer parking

Description

Swanston Properties, in association with F.C. Tucker Commercial, is offering this distribution facility for a sale price of $13.5 million, with buyer to assume favorable debt of approximately $10.68 million as of 9/01/08. This 100% leased facility comprises 368,430 ± square feet on 38± acres (approximately 16 acres are available for expansion or truck parking) leased primarily, 297,870± s.f. (80.85%) to Ford Motor Company through 3/31/2013, the remaining 70,560± s.f. was recently re-leased on a month-to-month basis by Toyota Motor Mfg Indiana, Inc., whose 4 million sf truck plant is approximately 2 miles south. The Property was constructed in three phases beginning in 1987 and ending in 1991. The Property also features clear heights ranging between 25' and 28' and has 26 dock-high loading doors and 1 drive-in door.

The Property is in the southwest corner of Indiana, roughly in the center of the triangle formed by St. Louis, MO, Indianapolis, IN and Nashville, TN in Princeton, Gibson County, the site of Toyota Motor's 4 million s.f. Indiana truck plant, one of the largest Toyota facilities outside Japan and located approximately 2 miles south of the Property. Princeton is roughly placed in the economic center of the United States, as measured by U.S. Census figures, where there are equal numbers of people in any direction from Princeton and therefore the perfect distribution point for a national distributor. The Property also lies approximately 13 miles north of Interstate 64 near its junction with Interstate 164.

Map of U.S. 41 North & County Road 100 West, Princeton, IN 47670 (Gibson County)

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