Share This Listing

Message

913 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

TRP LABORATORIES | ABS. NET w/ 3.5% INCREASES 635 S Mapleton St 45,370 SF Industrial Building Columbus, IN 47201 $4,860,145 ($107.12/SF) 6.99% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 18+ Year Absolute Net Lease Featuring Above Market 3.5% Annual Rental Increases throughout the Initial Term and Options.
  • TRP Laboratories is a Leader in Transportation Sciences, Offering Comprehensive Testing Services for Powertrains, Components, and Vehicle Systems.
  • Within a Key Industrial and Manufacturing Hub that Plays a Vital Role in the City’s Economy.
  • Location Utilized as an Office, Warehouse, Research and Development Facility.
  • The Company provides Engine Testing, Environmental Analysis, and Engineering Support.
  • Known for its Strong Presence in Engineering, Logistics, and Production Industries, this Location is Home to several Well-Established Companies.

EXECUTIVE SUMMARY

TRP Laboratories | Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways | Near Cummins Columbus Engine Plant
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com

PROPERTY FACTS

Price $4,860,145
Price Per SF $107.12
Sale Type Investment NNN
Cap Rate 6.99%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class A
Lot Size 5.70 AC
Rentable Building Area 45,370 SF
No. Stories 1
Year Built 1981
Tenancy Single
Parking Ratio 2.93/1,000 SF
Clear Ceiling Height 22’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes
Zoning I-2

UTILITIES

  • Water - City
  • Sewer - City

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • TRP Laboratories
  • Retailer
  • 45,370 SF
  • -
  • Triple Net
  • Oct 2043
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
TRP Laboratories Retailer 45,370 SF - Triple Net Oct 2043

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-96-30-430-000.800-005
Land Assessment
$394,300
Improvements Assessment
$701,100
Total Assessment
$1,095,400
  • Listing ID: 35428085

  • Date on Market: 4/9/2025

  • Last Updated:

  • Address: 635 S Mapleton St, Columbus, IN 47201

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}