Listed by KW Commercial Indy Metro Northeast
$750,000
2401 S Monroe
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 19,800
Cap Rate 8.50%
NOI $64,805
Occupancy 100%
Tenancy Multi
Lease Type Net
Lease Term 3
Lease Expiration 07/01/2029
Rent Bumps Yes
Broker Co-Op Yes
Class C
Year Renovated 2025
Buildings 1
Acreage 0.880
Zoning Limited Industrial
Parking Spaces 15 spaces
Parking Per SqFt 0.76
Investment Type Stabilized
Lease Commencement 07/01/2026
Ground Lease No
Sale Condition For sale by owner
Amazing opportunity for Investors. 19800 sqft total, fully leased
Marketing description
Remarkable opportunity for investors in Muncie! This multi-tenant property, zoned for light industrial use, offers over 19,800 total square feet of space. The property has underwent significant upgrades including: New metal and granulated torch roof, fresh paint inside and out, new flooring, vanities, cabinets, countertops, and fixtures. The property also features a new Goodman AC and Furnace system.The property boasts four overhead doors, 3-phase power, and two kitchen/common areas. Don't miss out on this exceptional opportunity!
Investment highlights
- Suite A: 8,000 Sqft - Leased
- Suite B: 5,540 Sqft - Leased
- Suite C: 2,736 Sqft - Leased
- Suite D 1992 sqft (Currently leased through 12/31/2026)
Listing Contacts
Listed by KW Commercial Indy Metro Northeast
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,805.00
$5,400.42/mo
Valuation Metrics
0
DSCR
8.64%
Cap Rate
8.64%
ROI
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