2860 N National Road
145,153 SF Multi-Tenant Industrial | 3.82 Years WALT
Marketing description
2860 N National Road, located in Columbus, Indiana comprises of 7.18 acres, zoned I-1 (light industrial), with 145,153 square feet of functional warehouse and office space.
The Property is fully leased to three tenants, two of which are controlled by current ownership and intend to continue their leases coterminously through 2029. As of July 1, 2026, the Property has a weighted average lease term (WALT) of 3.82 years, providing long-term income stability. In-place rents currently average approximately 15% below today’s market rates, presenting a clear value-add opportunity through future rent growth. The building features 10 dock doors, 3 drive-in doors, and is fully sprinklered, offering functional industrial infrastructure.
This opportunity is ideal for investors seeking a cash-flowing asset supported by stable in-place tenancy and built-in upside from contractual rent increases. Strategically positioned in an infill location in Columbus, Indiana, the Property offers potential for both income growth and long-term value appreciation.
Investment highlights
Infill Location with Strong Connectivity
Positioned along National Road in Columbus, Indiana, the property offers immediate access to I-65 and benefits from over 20,000 vehicles per day, providing strong visibility and accessibility.
Below Replacement Cost Basis
Offered at a significant discount to replacement cost, the asset provides an attractive basis with positive leverage and downside protection in a growing Midwest market.
Functional, Flexible Industrial Design
The 145,153 SF facility features 16’–23’ clear heights, 10 dock doors, and 3 drive-in doors—supporting efficient distribution and manufacturing use.
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