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Basin Industries 5100 S Meridian Rd 78,361 SF Industrial Building Mitchell, IN 47446 $7,475,000 ($95.39/SF) 7.50% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Attractive Rental Increases
- Brand New, 20-Year Sale-Leaseback
- Mission Critical Facility
Executive Summary
Surmount is pleased to present the exclusive listing for a Basin Industries property located at 240 South Meridian Road, Mitchell, IN 47446. The site consists of roughly 78,000 rentable square feet of building space on an estimated 7.53-acre parcel of land. Basin Industries is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $560,625 and has scheduled increases of 2.00% annually
Property Facts
| Price | $7,475,000 | Rentable Building Area | 78,361 SF |
| Price Per SF | $95.39 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1980/2008 |
| Cap Rate | 7.50% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 7.53 AC | ||
| Zoning | I-2 | ||
| Price | $7,475,000 |
| Price Per SF | $95.39 |
| Sale Type | Investment NNN |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 7.53 AC |
| Rentable Building Area | 78,361 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2008 |
| Tenancy | Single |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-2 |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 47-11-24-400-046.000-004 | Improvements Assessment | $83,100 |
| Land Assessment | $22,100 | Total Assessment | $105,200 |
Property Taxes
Parcel Number
47-11-24-400-046.000-004
Land Assessment
$22,100
Improvements Assessment
$83,100
Total Assessment
$105,200
Contacts
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Edward
Otocka
-
Francis
Purritano
-
Joseph
Kelly
-
Tyler
Hardin
-
Glen
Kunofsky
-
Christopher
Marks
-
Brian
Brockman
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Photos
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Basin Industries | 5100 S Meridian Rd
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