225 Industrial DrFranklin, IN 46131

Property Details for 225 Industrial Dr

Year built

1965

Construction

TYPE NOT SPECIFIED

Lot size

1.54 AC

Property size (Sq ft)

24,077 SF

Property type

Manufacturing properties

APN

41-08-03-042-053.000-009

APU

410803042053000009

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,399,516

  Hospitality

  $3,113,938

  Educational

  $2,590,760

  Medical

  $2,679,860

  Retail

  $4,030,072

Location Insight

City

Franklin

County

Johnson

State

Indiana

Latitude

39.5137

Longitude

-86.0706

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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