2505 Laura Ct - Manufacturing FOR SALE


Elkhart, IN 46517
$5,278,481 USD
704-907-3268
2505 Laura Ct, Elkhart, IN for Sale
$5,278,481 USD
Manufacturing - FOR SALE
1/15
null | 7.25% Cap Rate

2505 Laura Ct
Elkhart, IN 46517


HIGHLIGHTS

  • An Absolute Net Lease - Ferret Inc. maintains the property's interior and exterior.
  • . Over 13 years remaining on the lease term
  • % annual rent bumps

OVERVIEW

Originally built in 1996, the space has undergone 2 expansions, one in 2001 and a large, 41,000 SF expansion in 2011. Compromised of 1,200 SF office space and 73,250 SF warehouse space. This location serves as the corporate headquarters for Ferret Inc., a leading manufacturer and supplier of roll formed parts with over 50 years of experience in the industry. Encompassing 6.98 acres with road access from Laura Court and from Charlotte Ave, there is additional potential for growth if needed. Strategically located in the Midwest's "cradle" for the steel industry. This allows for low procurement cost of raw materials, and access to all major transportation options for their products and customers.

FOR SALE DETAILS

PRICE

$5,278,481 USD

PRICE/SF

$71 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.44

LAND SF

193,406

ZONING

I-2

APN/PARCEL ID

20-05-24-202-001.000-002

ASK ABOUT THIS PROPERTY

John BoxArtha AssociatesMore Info
704-907-3268

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John BoxArtha AssociatesMore Info
704-907-3268

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