300 Union - Warehouse FOR SALE


Marengo, IN 47140
$37,000,000 USD
812-200-2838
300 Union, Marengo, IN for Sale
$37,000,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

300 Union
Marengo, IN 47140


OVERVIEW

Opportunity Knocks !! Marengo Warehouse and Distribution center includes 270 ac +/- in which 58 ac has been developed underground into 13 individual warehouses which average 100,000 sqft each. Four of the warehouses are freezer units that are used for frozen foods. Some of the storage facilities are dehumidified as well. There are several other income streams for this property including a home and phone tower lease. Some of the benefits of having the storage underground are no heating or cooling bills since this stays between 55 and 58 degrees year round. No maintenance on roofs and exterior etc. This business operates both 3PL and Gross lease. Several government and state contracts are included in this sale of the property and business. Please reach out for more details and videos of the facility. This is a solid business that has been operating for 30 years with so much room for expansion as well as mineral rights for the remaining limestone quarry. Located in the heart of the Midwest just minutes from I-64 and less than 45 minutes from Louisville, Kentucky and close to several larger cities (St. Louis, Cincinnati, Indianapolis, Evansville, Lexington, Nashville, Chicago, Detroit). The property has a 50 car rail spur on site but would need to be improved prior to being used

FOR SALE DETAILS

PRICE

$37,000,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

26 Ft

DOCKS

72

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

269

LAND SF

11,717,640

ZONING

COMMERCIAL

APN/PARCEL ID

130806300234000007

ASK ABOUT THIS PROPERTY

Jeremy WardWard Realty ServicesMore Info
812-200-2838

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

Jeremy WardWard Realty ServicesMore Info
812-200-2838

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