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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
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
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
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 |
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Property Taxes
| Parcel Number | 03-96-30-430-000.800-005 | Improvements Assessment | $725,100 |
| Land Assessment | $394,300 | Total Assessment | $1,119,400 |
Property Taxes
Parcel Number
03-96-30-430-000.800-005
Land Assessment
$394,300
Improvements Assessment
$725,100
Total Assessment
$1,119,400
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TRP LABORATORIES | ABS. NET w/ 3.5% INCREASES | 635 S Mapleton St
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