13065 Anderson RdGranger, IN 46530

Property Details for 13065 Anderson Rd

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

24.33 AC

Property size (Sq ft)

200,554 SF

Property type

Manufacturing properties

APN

71-04-13-427-001.000-011

APU

710413427001000011

Description

This exceptional single-tenant, net-leased industrial property in Granger, Indiana, offers a compelling investment opportunity. The 193,675-square-foot building, situated on 23.66 acres, is fully occupied by Terran Axle under a lease expiring December 31, 2028. The lease commenced October 3, 2024, and features a 3.5% annual rent increase. The property boasts 17 loading docks, 13 dock-high doors, and ceiling heights ranging from 15 to 24 feet. Significant recent improvements totaling approximately $2,600,000 include a new roof (2024), full LED lighting upgrades, loading dock enhancements, parking lot improvements, insulation repairs, and the demolition of outdated interior offices. The property benefits from a prime location one mile north of I-90, ample fenced outdoor storage, a wet sprinkler system, and potential rail access via Grand Truck Western Railroad. The asking price is $8,079,000, representing an 8.75% cap rate and a first-year NOI of $706,914. Built in 1986 and extensively renovated in 2024, this asset presents a strong, stable income stream with significant upside potential. The property's APN is 71-04-13-427-001.000-011. No lease options are available.

• Alternative Use

  Use

  Valuation

  Residential

  $40,411,844

  Hospitality

  $37,017,032

  Educational

  $30,797,736

  Medical

  $31,856,916

  Retail

  $47,907,588

Location Insight

City

Granger

County

St. Joseph

State

Indiana

Latitude

41.7444

Longitude

-86.1206

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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