1047 Broadway St - Warehouse FOR SALE


Anderson, IN 46012
$1,850,000 USD
317-556-3676
1047 Broadway St, Anderson, IN for Sale
$1,850,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

1047 Broadway St
Anderson, IN 46012


HIGHLIGHTS

  • 28,777 SF printing production and distribution facility situated on 1.94 acres
  • Meticulously maintained asset with recent extensive capital improvements
  • Fully leased to Phoenix Innovate through December 31, 2027 on a NNN lease
  • Property features include three (3) dock doors, one (1) drive-in door, new LED lighting, heavy power, humidified and temperature controlled warehouse

OVERVIEW

1047 Broadway Street in Anderson, Indiana is a 28,777 SF printing production and distribution facility situated on 1.94 acres of industrial zoned ground. The building was originally built in the 1980s with expansions to the structure done in the 1990s and 2000s. The building includes three (3) dock doors and one (1) drive-in door, newly replaced LED lighting throughout, a fully humidified and temperature controlled warehouse, fifty (50) car parks, 12-26 inch thick concrete flooring, as well as heavy power capacity which will prove attractive to a wide variety of alternative users into the future. The Property is fully leased to Phoenix Innovate through December 31, 2027 on a NNN lease. Phoenix Innovate is a printing and marketing firm based in Troy, Michigan with notable clients including, but not limited to, Anthem, Purdue University, Indiana University, Bosch, Stellantis, and Google, to name a few. Some of their services include: market research, marketing automation, custom applications, content development, and a wide variety of commercial printing consultations and customized solutions. The Property serves as one of their major production facilities making this asset mission critical to their national pipeline. Current ownership has meticulously maintained the property and completed extensive capital improvements in the past couple of years including: sealing and top coating the parking lot, interior and exterior painting, increasing the building’s power capacity, and the installation of the ASTEC roof system.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

18 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.94

LAND SF

84,506

ZONING

Industrial

APN/PARCEL ID

48-11-01-402-113.000-003,48-11-01-402-114.000-003

ASK ABOUT THIS PROPERTY

Alex DavenportColliersMore Info
317-556-3676

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Alex DavenportColliersMore Info
317-556-3676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.