High Yield NNN Industrial For Sale -

2552 Industrial Drive, Highland, Indiana 46322

  • Property Subtypes Industrial-Business Park , Net Leased , Light Industrial , Self Storage , Warehouse/Distribution , Office Showroom , Cold Storage , Food Processing , Flex Space , Free-Standing , Manufacturing
  • Building Size (RSF) 66,939 SF
  • Gross Building Area 66,939 SF
  • Building Name Industrial Drive
  • Building Status Existing
  • Sale Price Contact Agent
  • Unit Price Contact Agent
  • Property Use Type Net Leased (NNN)Investment
  • Class of Space N/A
  • Total Land Size 5.42 Acres
  • Sale Terms Cash to SellerOwner FinancingUndisclosed
  • Cap Rate 9.6
  • Auction Avg Occupancy Rate 100
  • Last Updated 10/3/2019
  • Days on Market 397 Days
  • Status active

Overview / Comments

This Investment Property is a solid Single-story, masonry and steel panel constructed office/warehouse facility with 66,939 square feet located in Highland, IN within 25 miles from Chicago, IL. Great investment at 9.6% Cap Rate Absolute NNN w Regional tenant! Excellent location with easy access to major traffic arteries. I-90/94; Indianapolis Blvd. Ideal uses may be warehouse/cold storage/distribution/ and yard lay-down. Great income/investment property with nnn modified lease. Depressed loading docks on southwest entrance with two truck wells & levelers. Also, two grade level overhead doors on south elevation. Building is 100% protected with wet sprinkler system. Floor plan offers open floor with minimal demising walls. Gated yard. Two grade level exterior doors on north elevation. Ceiling heights 24'ft.

Agent Notes

Brokers must provide buyers ability to purchase/financing capabilities and sign NDA both Broker/Buyers

Additional Details

  • Tax ID/APN 45-07-33-102-010.000-026
  • Zoning L1
  • Property Visibility N/A
  • Total Number of Buildings 1
  • Number of Stories 2
  • Year Built 1975
  • Year Renovated 2011
  • Tax Auth Lake County
  • Land Ownership Owned
  • Easements Description Cell tower
  • Legal Description PT. W2. NW.1-4 S.33 T.36 R.9 4.92AC.
  • Zoning Description L-1 (light Industrial) Commercial Warehouse

Current Tenants

  • Tenant Business Name Regional Tenant
  • Contact Name Broker
  • Contact Title Broker
  • Phone Number (219) 488-2454
  • Total Employees 125
  • Employees at Location 80
  • Space Occupied 66,939
  • Tenant Notes
    Regional Tenant just renewed and extended lease

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