For Sale
$6,225,000

1139 Baldwin Ave Marion, IN 46953

68,500 SF Warehouse, 9.85% Cap Rate, Sale-Leaseback

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 68,500-square-foot Class B warehouse in Marion, Indiana. The property, situated on a 4.01-acre lot at 1139 S Baldwin Ave, 46953, is currently 100% occupied under a sale-leaseback agreement. The single-tenant building boasts a 32-foot ceiling height, three loading docks, and six dock-high doors. Built in 1964, the warehouse is zoned LC/TZ and features a 2-year absolute NNN lease with a 2.0% annual rent bump. The asking price is $6,225,000, translating to a price per square foot of $90.88 and a compelling 9.85% cap rate. The current Net Operating Income (NOI) stands at $613,075. This owner-occupied property offers a secure investment with a strong tenant in place, making it an attractive addition to any portfolio. The property's location in Grant County, Indiana, provides excellent access to transportation and logistical networks. This sale-leaseback structure provides a stable income stream with built-in growth potential. The APN is 27-06-12-101-177.000-008.

Highlights

  • 68,500 SF Class B warehouse in Marion, IN.
  • Located on a 4.01-acre lot at 1139 S Baldwin Ave, 46953.
  • 100% occupied under a sale-leaseback agreement with a 2-year absolute NNN lease and 2% annual rent increases.
  • Features 32' ceilings, three loading docks, and six dock-high doors.
  • Asking price: $6,225,000 ($90.88/SF), offering a 9.85% cap rate and $613,075 NOI.

Property Details for 1139 Baldwin Ave

Property type
Warehouses, Industrial properties
Square Feet
68,500 SF
Class
B
Year Built
1964
Buildings
1
Lot Size (sq. ft)
174,676 SF

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.5502034
Longitude
-85.6743885
1139 Baldwin Ave, Marion, Indiana

Nearby Similar for Sale

  • For Sale
    $1,850,000

    Prime Marion, IN Distribution Center

    45,936 SF Industrial Building, $1.85M

    2703 9Th St
    Marion, IN
    View Details
  • For Sale
    $1,000,000

    4002 Meridian St, Marion, IN 46953

    Mixed-use properties • 7.15 AC

    4002 Meridian St
    Marion, IN
    View Details
  • For Sale
    $3,323,000

    Marion, IN Industrial Flex Space

    127,820 SF Flex Space, Redevelopment Opportunity

    107 Pennsylvania St
    Marion, IN
    View Details
  • For Sale
    $1,283,600

    Dollar General NNN Investment

    Indiana Retail Property - Strong Tenant

    1105 38Th St
    Marion, IN
    View Details
  • For Sale
    $495,000

    Marion Office/Retail Investment Opportunity

    11,290 SF Mixed-Use Building, $495,000

    2509 2Nd St
    Marion, IN
    View Details
  • For Sale
    $67,000

    Marion, IN Commercial Land - $67K

    Four-acre commercial lot, prime Marion location.

    Boots St
    Marion, IN
    View Details

FAQs

What type of property is this?
Warehouse - 68,500 SF Warehouse, 9.85% Cap Rate, Sale-Leaseback
Where is the warehouse located?
The property is located at 1139 Baldwin Ave Marion, IN.
What is the asking price?
The asking price for this property is $6,225,000.
What are key features of this property?
This property features: 68,500 SF Class B warehouse in Marion, IN.; Located on a 4.01-acre lot at 1139 S Baldwin Ave, 46953.; 100% occupied under a sale-leaseback agreement with a 2-year absolute NNN lease and 2% annual rent increases.
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 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 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].

Contacts

Damon Root
Visit Broker Website

Learn more

Useful Information

Request information

Baldwin Ave
Marion, IN 46953

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

Baldwin Ave
Marion, IN 46953

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1139 Baldwin Ave
  • Damon Root
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

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.