2520 Industrial Parkway Investment

Industrial for Sale
Catylist Listing ID: 30525607
Property Subtypes: Industrial-Business Park
Building Size (RSF): 40,500 SF
Gross Land Area: 3.82 Acres
Sale Price: $1,080,000
Unit Price: $26.67 PSF
Ceiling: 16 ft.
Docks/Doors: 1 Dock
Drive In Bays: 2 Bays
Property Use Type: Investment
Usable Size (USF): 40,500 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 11/24/2020

Overview / Comments

40,500 SF industrial building on 3.82 acres. Building was built in 1970 and features one dock, two grade-level overhead doors. The current tenant just signed a three year lease. Annual taxes: $16,832.56 (2019 pay 2020). Nice corner location in Concord Township. CAP rate: 10%

Additional Details

Nearest MSA: Elkhart-Goshen
County: Elkhart
Tax ID/APN: 20-06-02-301-002.000-012
Highway Access: Close to the US 20 Bypass and the I-80/90 Toll Road via County Road 17 in Elkhart.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 40,500 SF
Property Condition: Good
Year Built: 1970
Roof Type: Gable
Parking Type: Surface
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,228 58,261 88,546
Median Age: 41.48 35.43 36.11
Households: 1,788 21,775 33,259


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