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Net Leased Industrial 1 Steel Way 117,376 SF Industrial Building North Vernon, IN 47265 $4,808,000 ($40.96/SF) 7.60% Cap Rate

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Investment Highlights

?Absolute NNN lease with 2.0% annual rent increases
?Mission-critical facility with 20+ years of occupancy and a waived termination right, reinforcing long-term commitment to the location
?Nearby industrial tenants include Lowe’s 867,000 SF distribution center, Novolex Recycling, and North Vernon Beverage

Family-owned steel company with four decades of operating history
?IATF 16949 certification tied to building

Property Facts

Price	$4,808,000	Lot Size	9.50 AC
Price Per SF	$40.96	Rentable Building Area	117,376 SF
Sale Type	Investment NNN	No. Stories	1
Cap Rate	7.60%	Year Built/Renovated	1955/1999
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse Industrial Distribution	Clear Ceiling Height	35’
Building Class	B

Price	$4,808,000
Price Per SF	$40.96
Sale Type	Investment NNN
Cap Rate	7.60%
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution
Building Class	B
Lot Size	9.50 AC
Rentable Building Area	117,376 SF
No. Stories	1
Year Built/Renovated	1955/1999
Tenancy	Single
Clear Ceiling Height	35’

Property Taxes

Parcel Numbers	Multiple 40-09-33-100-005.000-004 40-09-34-200-026.000-004	Improvements Assessment	$776,600
Land Assessment	$146,600	Total Assessment	$923,200

Property Taxes

Parcel Numbers

Multiple

40-09-33-100-005.000-004
40-09-34-200-026.000-004

Land Assessment

$146,600

Improvements Assessment

$776,600

Total Assessment

$923,200

(203) 610-1541

Contacts

Phil DiGennaro
Owen McNulty
Joe DiGennaro
Stream Capital Partners, LLC

Listing ID: 41774736
Date on Market: 8/17/2026
Last Updated:
Address: 1 Steel Way, North Vernon, IN 47265

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Net Leased Industrial | 1 Steel Way

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