1980 S 100 W
Princeton, IN 47670
Industrial Property For Sale

Judgment and Foreclosure Decree - Princeton Park I Expedited Means to Title - Agreed Judgment and Decree of Foreclosure provides an expedited, uncontested means to acquire title to the mortgaged property via foreclosure or acceptance of a deed-in-lieu thereof. Independent Control - Consensual Receivership appointment yields independent control of the mortgaged property, its operations and cash flow until title to the mortgaged property is transferred. Access and Location - Good accessibility to major road/interstate system and central location for distribution throughout the South and the Midwest. High Functional Utility - Clean interiors with ±24 ft clear ceiling heights, modern lighting and numerous docks. Wide Appeal - The available status of the mortgaged property provides the opportunity for owner occupancy or value add investment through leasing. Minimal Competition - There are currently no other industrial properties with over 100,000 square feet of available area within twenty miles of the Property.   Expansion Opportunity - Collateral includes ±17.81 acres of surplus land available for possible expansion. Potential  Expense Reduction Through Tax Appeal - Successful tax appeal could potentially lower carrying costs and increase yield. Nearby Synergies - The Mortgaged Property benefits from its close proximity to the Toyota Motor Manufacturing Indiana facility (3.5 miles south) and Toyota Boshoku (1 mile to the north), which facility manufactures interior components for the Toyota Highlander and Sienna models manufactured in the Toyota Motor Manufacturing Indiana facility.