ATC Spec Building

Industrial for Sale
Catylist Listing ID: 30729352
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Office Showroom
Building Size (RSF): 102,188 SF
Gross Land Area: 8.90 Acres
Sale Price: $9,250,000
Unit Price: $90.52 PSF
Ceiling: 27 ft.
Docks/Doors: 4 Doors
Property Use Type: Investment
Building Name: ATC Spec Building
Sale Terms: Cash to Seller
Cap Rate: 6.04%
Average Occupancy Rate: 100
Last Updated: 6/7/2021

Overview / Comments

*10 year lease with rent commencement July of 2021
*Absolute NNN Lease, all expenses tenant;s responsibility
*2% Annual rent increase
*Average Rent of $5.46/SF over the 10 year term
*Newly constructied spec building that can be expanded 23,000 SF
*ATC Manufacturing is a growing company with long standing secure conracts with General Motors
*ATC is the sole manufacturer of wheelchair accessible trucks and SUV's with multiple patents
*ATC is a long standing company based in Raleigh, North Carolina and has over 50 distributors across the US.

Current Tenants

Tenant Business Name ATC Manufacturing
Website URL https://www.atconversions.com/
Industry Type Manufacturing
Is Renting? Yes
Employees at Location 50
SF of Space Occupied 102,188 SF
Lease Expiration 7/2031

Additional Details

Nearest MSA: Huntington
County: Huntington
Tax ID/APN: 021617300010000048
Zoning: IN-2 GENERAL INDUSTRIAL
Highway Access: I-69 1/2 mile to the East.
Airports: Fort Wayne International Airport
Area Description: This newly constructed building is located adjacent to the Fort Wayne area General Motors plant. It's neighboring to Stonewall Industrial Park which includes Vera Bradley's corporate office and distribuion cener, North Point Warehouse (GM parts distribution facility). One Resource Group and Group Delphi. It is one mile from the I-69 and I-469 interchange.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2021
Roof Type: Other
Construction/Siding: Metal Siding
Exterior Description: Metal
Parking Type: Surface
Sprinklers: Other
X-Phase: 3-Phase/1200A/480V
Lighting: LED

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,357 16,682
Median Age: 39.86 42.9
Households: 827 6,365

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