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895 W County Road 350 N 25,000 SF Industrial Building North Vernon, IN 47265 $2,150,000 ($86/SF) 5.58% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 2020 Industrial Building with 25,000sf & 10 Acres
  • 3-phase 600 amps, it's ideal for manufacturing, welding, or other industrial needs.
  • Three 14 x14 bay doors, 2 loading docs, 20 ft eave, single slope clear span expandable building with room to quadruple within its 10 acres.

EXECUTIVE SUMMARY

Check out this amazing opportunity to acquire one of the largest and newest industrial buildings in Jennings County! This expansive 25,000 square-foot property is perfect for storage, manufacturing, or any industry that demands a substantial amount of space. With 3-phase 600 amps, it's ideal for manufacturing, welding, or other industrial needs. The building features offices, restrooms, and 6-inch concrete floors throughout. Three 14 x14 bay doors, 2 loading docs, 20 ft eave, single slope clear span expandable building with room to quadruple within its 10 acres. Additionally, its docks are capable of accommodating semi-trailers and box trucks, and it's conveniently situated just off HWY 50, within 15 minutes of the I-65 interstate on/off ramp.

PROPERTY FACTS

Price $2,150,000
Price Per SF $86
Sale Type Investment NNN
Cap Rate 5.58%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 10.02 AC
Rentable Building Area 25,000 SF
No. Stories 1
Year Built 2020
Tenancy Single
Parking Ratio 0.4/1,000 SF
Opportunity Zone Yes
Zoning IL - Industrial

AMENITIES

  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
40-09-22-300-008.012-004
Land Assessment
$88,400
Improvements Assessment
$1,042,000
Total Assessment
$1,130,400
  • Listing ID: 32888834

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 895 W County Road 350 N, North Vernon, IN 47265

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