908-918 E Franklin St 96,614 SF 100% Leased Industrial Building Hartford City, IN 47348 $4,950,000 ($51.23/SF) 10.60% Cap Rate

This 96,614 SF rail-served industrial warehouse offers a compelling opportunity to acquire a stabilized, income-producing industrial asset supported by active daily rail service and a diversified user base. Positioned on nearly nine acres with frontage on State Road 26, the property provides strong regional connectivity with convenient access to Interstate 69, serving both Northern and Central Indiana markets.
The facility features open-span warehouse construction with concrete flooring throughout, along with a flexible loading configuration that includes multiple drive-in overhead doors and dock-high loading positions capable of supporting a wide range of industrial, logistics, and distribution operations. A dedicated rail pad loading area facilitates daily railcar activity, with plans in place for full replacement and extension by the occupying user, reinforcing the long-term functionality of the rail infrastructure.
The expansive gravel yard allows for efficient truck staging, circulation, and storage, and the property has benefited from recent capital improvements including new exterior lighting, updated gravel, and a roof coating completed approximately two years ago. Approximately 62,864 square feet of the building is currently sprinklered, with existing infrastructure in place to complete full sprinkler coverage if desired.
The property is fully income producing and offers a balanced lease profile with a mix of longer-term and short-term agreements, providing both income stability and future leasing flexibility. With a current gross annual income of $524,700 and an asking price of $4,950,000, the asset delivers an attractive ~10.6% cap rate, supported by completed Phase I and Phase II environmental due diligence and a strategic logistics-oriented location.