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808 W Lincoln Ave 12,196 SF Flex Building Goshen, IN 46526 $675,000 ($55.35/SF) 11.11% Cap Rate
Investment Highlights
- NNN Lease - Current lease expires – 11/30/2027
- Long-term operating history
- Sonepar - $37 billion annual revenue
- Available for owner-user starting December of 2027
- Goshen Electric/Standard Electric is a wholly owned subsidiary of Sonepar
- Tenant is likely to vacate at end of lease
Executive Summary
Freidman Real Estate is pleased to present this free-standing single-tenant net leased industrial investment opportunity in Goshen, IN. The tenant, Goshen electric was founded and has been successfully operating since 1936. In October of 2015, Goshen Electric, Inc. was acquired by Saginaw, MI based Standard Electric Company, turning it into a division of their company. Standard Electric is a wholly owned subsidiary of Sonepar ($37 Billion annual revenue).
Property Facts
| Price | $675,000 | Rentable Building Area | 12,196 SF |
| Price Per SF | $55.35 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1956 |
| Cap Rate | 11.11% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 0.88 AC | ||
| Zoning | B-2 | ||
| Price | $675,000 |
| Price Per SF | $55.35 |
| Sale Type | Investment |
| Cap Rate | 11.11% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 12,196 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | B-2 |
Utilities
- Water - City
- Sewer - City
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-11-09-304-002.000-015 | Improvements Assessment | $200,300 |
| Land Assessment | $77,600 | Total Assessment | $277,900 |
Property Taxes
Parcel Number
20-11-09-304-002.000-015
Land Assessment
$77,600
Improvements Assessment
$200,300
Total Assessment
$277,900
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