222 W Broadway Ave - Warehouse FOR SALE


Hillsdale, IN 47854
$3,600,000 USD
317-218-5366
222 W Broadway Ave, Hillsdale, IN for Sale
$3,600,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

222 W Broadway Ave
Hillsdale, IN 47854


HIGHLIGHTS

  • 50,000 SF | Expandable up to 200,000 SF in Multiple Configurations | Situated on 9 Acres with up to 30 Acres Available
  • Located Within a TIF District: Unique Development Incentives, Including Property Tax Abatement & Tax Increment Financing Available
  • Utility Services: Panhandle Eastern Pipeline Gas, Water, Sewer | Electricity Provided by Duke | 7MW Substation Located W/I ¼ Mile
  • Property Tax Abatement & Tax Increment Financing Available
  • Precast Concrete Construction with Expandable West Wall Composed of Engineered Metal for Easy Expansion up to 200,000 SF
  • (3) Docks in Place | Provisioned Additional Docks | (1) Drive In (14’x18’ OHD)

OVERVIEW

For Sale or Lease Marcus and Millichap is pleased to exclusively represent 222 W. Broadway Ave., Hillsdale, Indiana located in the 7,155-acre Vermillion Rise Mega Park. The subject property is a Class A, 50,000 SF Industrial Warehouse, situated on a 9-acre lot, built in 2017 and completed to grey shell. Potential for outdoor storage. The 32’ clear height warehouse with 50’x50’ column spacing, currently has (3) 9’x10’ docks, (1) 14’x18’ drive in with an overhead door, and sloped deck roof with TPO membrane. Constructed of precast concrete, the west wall composed of engineered metal allows for easy expansion up to 200,000 SF. The subject property offers tenants or investors the opportunity to acquire and finish to suit a Class A industrial warehouse. The Vermillion Rise Mega Park is a 7,155-acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched 7 MW available power, ample water and gas, and a unique location to accommodate distribution, data center or manufacturing facilities. Join these industries in place within the region, including logistics (Amazon), plastics (Taghleef), steel, EV batteries (Entek), automotive parts, pet food (Scott Pet), food, animal health (Elanco). The Park is fronted by IN SR 63 (10,066 VPD), a 4-lane divided highway with access to I-74 (25,580 VPD) north of the Park and I-70 (37,512 VPD) south of the Park.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Telecom Hotel/Data Hosting, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - County, Sewer - County, Heating - Gas

CLEAR CEILING HT

32 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

21

LAND DETAILS

LAND ACRES

9

LAND SF

392,040

ZONING

Industrial

APN/PARCEL ID

83-09-09-900-001.002-011

ASK ABOUT THIS PROPERTY

Julia EvingerMarcus & MillichapMore Info
317-218-5366

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Julia EvingerMarcus & MillichapMore Info
317-218-5366

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