8233 Baumgart Rd
Evansville, IN 47725
Flex Property For Sale

SVN | The Martin Group is pleased to present this excellent sale-leaseback investment opportunity located in Evansville, IN. This facility consists of 4 industrial buildings located just off of Hwy 41 across from the Evansville Regional Airport. The current owner (Flanders Electric) will enter into a 10 year absolute NNN lease with a $928,635/yr ($2.50/SF/yr) rental rate adjusted 1.5% annually, subject to mutually agreeable terms and conditions. The property also contains a billboard on site (along Hwy 57), which will be included. Flanders has been in business since 1947 and uses this property as their global headquarters. This facility is mission critical to the 14 worldwide locations and global operations of Flanders. This property consists of 4 industrial buildings. Two are manufacturing facilities, the north building is 227,968 SF and includes the corporate headquarters of Flanders. The south building is a 115,118 SF manufacturing plant. The storage facility along the south property line is 22,350 SF. The last building is a 6,000 SF facility containing the on-site generators. The property has 18 truck docks and ceiling heights range from 20' to 50' with numerous overhead cranes. The crane capacity ranges from 3 to 110 tons. The majority of the south plant has a floor thickness of 8" with approximately 10% being 6". The north building has a floor thickness of approximately 50% at 5" and 50% at 6". Electrical services to the property include 12.47KV with 200T Fuse links (approximately a 5MVA service).