Multi-Tenant, Multi-Use Investment Opportunity

5579 Old Porter Rd., Portage, Indiana 46348

  • Property Subtypes Flex Space , Industrial-Business Park , Mixed Use , Light Industrial , Self Storage , Warehouse/Distribution
  • Gross Building Area 63,684 SF
  • Building Status Existing
  • Sale Price $1,995,000.00 Total
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 6.41 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 6/15/2020
  • Days on Market 330 Days
  • Status active

Overview / Comments

Investment real estate opportunity with multi-tenant income or owner user with income offset and value add. This 6.4 acre gated and fenced parcel consists of eight buildings of various tenant functions including light industrial, trucking, service/contractor operations and self storage. The three self storage buildings total 14,280 SF and are currently configured into 80 units with 8' OHDs. The remaining five flex buildings range from 6,924 SF up to 14,400 SF all with OHD's ranging from 14' to 16', warehouses are all insulated, sided and heated and most offer some office space. Abundant outdoor storage currently not fully utilized.

Additional Details

  • Tax ID/APN 64-05-11-110-014.000-016, 64-05-11-110-013.000-016, 64-05-11-110-015.000-016,64-05-11-110-016.000-016, 64-05-111-126-001.000-016 ,
  • Zoning BP - Business Park
  • Total Number of Buildings 8
  • Number of Stories 1
  • Zoning Description BP - Business Park

Original text