For Sale
$1,278,644

225 Industrial DrFranklin, IN 46131

High-Cap Rate Flex Space, 23,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 23,000-square-foot industrial flex space, located at 225 Industrial Dr, Franklin, IN 46131, presents a compelling investment opportunity. The property, built in 1965 and extensively renovated in 2022, sits on a 1.54-acre lot and boasts six dock-high doors. Currently operating at 100% occupancy under a single-tenant, triple-net (NNN) lease, this asset offers a strong 7.41% capitalization rate. The asking price is $1,278,644, translating to $55.60 per square foot. The current rent is significantly below market average, presenting potential for future rental income growth. The tenant, a regional headquarters for MER, recently invested over $100,000 in building improvements, demonstrating a long-term commitment. The property enjoys a convenient location, approximately five miles from I-65, benefiting from the significant development and population growth within Johnson County, Indiana. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a thriving market. The property features one building.

Highlights

  • Single-tenant, net-leased industrial building.
  • Low initial investment basis.
  • Below-market rent of $4.12/SF, compared to market average of $6.50/SF.
  • Tenant recently invested over $100,000 in building improvements.
  • Property serves as regional headquarters for a major tenant (MER).
  • Convenient location, approximately 5 miles from I-65.

Property Details for 225 Industrial Dr

Property type
Industrial properties, Flex space
Square Feet
23,000 SF
Year Built/Renovated
1965/2022
Buildings
1
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Franklin
County
Johnson
State
Indiana
Latitude
39.5136588
Longitude
-86.0707523
225 Industrial Dr, Franklin, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
225 Industrial Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message