Listed by Binswanger
Unpriced
260 Midway Drive
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 122,556
Acreage 24.930
Industrial | 122,556 SqFt
Investment highlights
Building Size:
Approximately 122,556 square feet consisting of:
100,300 square feet of ground floor production and warehouse space
8,873 square feet of mezzanine production, lab and office space
13,383 square feet of office space (with another 13,383 of second floor office space in shell condition)
100,000 SF expansion pad
Site: Approximately 24.93 acres
Date of Construction: Shell = 2018, Buildout = 2023
Dimensions: Approximately 250’ x 400’
Condition of Property: Excellent
Ceiling Heights: 33’ – 36’6” clear height
Column Spacing: 50’ x 50'
Lighting: Food and pharma grade LED
Office Facilities: 13,383 square feet of Class A office space with numerous conference and meeting rooms.
Truck Loading: Three (3) 9’ x 10’ manual dock high doors with pit levelers, seals, bumpers and lights. One 9’ x 10’ trash compactor dock high door
One 14’ x 16’ drive in door and one 10’ x 14’ drive in door
Construction: Floors: 8” concrete slab reinforced over 15 mil vapor barrier with a 4” granular sub-base
Walls: Insulated precast concrete on 3 walls. Insulated metal panels on the west expansion wall.
Roof: 60 MIL TPO > rigid insulation > metal deck = R-20. Slope = ¼” per foot (installed in 2018)
Columns: Steel box
Power: Supplied by Lockhart Power
Two 34.5 KV pad mounted transformers supplying two Leman Engineering 4000A, 277/480V, 3 Ph. 4 wire switchgear panels
Two Power Temp Systems 4000A, 277/480V Generator Connection Cabinets (generators were never installed)
Natural Gas: Supplied by City of Union, 4” distribution main line
Water: Supplied by City of Union. 10” water main with an 8” service line to the building which feeds a 4” domestic line for the building.
Sewer: Supplied by City of Union. 8” gravity sewer main line fed by a 6” wastewater line from the building
Telecommunications: Supplied by AT&T or Charter Communications.
Fiber optic line to the building
HVAC: 100% heated, cooled and humidity controlled via four 150-ton Trane RTU’s and two 155-ton Trane chillers. There are seven more large RTU heating and cooling units on the roof.
Sprinkler System: 100% wet ordinary hazard system with a 0.20 GPM/ SF density and an 8” PVC fire loop around the building
Compressors: Two Ingersoll Rand 100 HP oil-free rotary screw compressors. Built in 08/2022
Boilers: Two Miura tankless steam boilers with a 6900 LB/HR steam capacity. Built in 12/2022
Chillers: Two Trane chillers
Silos: Two Laidig Systems 64’2” tall x 18’6” diameter wood flour silos with a 12,640 CF capacity each. Built in 09/2023
Elevators: One passenger elevator for the office and one for the mezzanine
Parking: Paved parking for approximately 113 vehicles plus 5 handicapped parking spaces
Former Use: Life science and biotechnology production plant to produce man-made leather material from fine mycelium.
Listing Contacts
Listed by Binswanger
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?






















