Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$4,860,145
TRP LABORATORIES | ABSOLUTE NET w/ 3.5% ANNUAL INCREASES
Details
APN 03-96-30-430-000.800-005
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 45,730
Units 1
Cap Rate 7.00%
NOI $339,542
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/30/2043
Remaining Term 17.3
Rent Bumps Yes
Class A
Year Built 1981
Stories 1
Acreage 5.720
Investment Type Net Lease
Ground Lease No
Industrial | 7.00% CAP | 45,730 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310475/trp-laboratories
Investment highlights
- 18+ Year Absolute Net Lease Featuring Above Market 3.5% Annual Rental Increases throughout the Initial Term and Options. Location Utilized as an Office, Warehouse, Research and Development Facility.
- Positioned Along Area’s Major Industrial and Manufacturing Corridor: Features Easy Access and Excellent Visibility near Indiana Route 46. In Close Proximity to Interstate 65.
- Near Indiana Route 46 and I-65 - Offering Logistics Advantages and Access to a Skilled Workforce. It benefits from Commercial Activity, Diverse Customers, and Connectivity to Major Cities.
- TRP Laboratories is a Leader in Transportation Sciences, Offering Comprehensive Testing Services for Powertrains, Components, and Vehicle Systems. The Company provides Engine Testing, Environmental Analysis, and Engineering Support.
- Within a Key Industrial and Manufacturing Hub that Plays a Vital Role in the City’s Economy. Known for its Strong Presence in Engineering, Logistics, and Production Industries, this Location is Home to several Well-Established Companies.
- Columbus’ thriving Manufacturing Sector supports Local and Global Businesses. Its Industrial Areas benefit from a Well-Connected Transportation Network, including Major Highways and Rail Lines, Ensuring Efficient Distribution and Logistics.
- Minutes from Columbus Regional Health - a 225-Bed Hospital serving a 10-County Region, offering Emergency Care, Surgery, Cardiology, Oncology, Orthopedics, and Rehabilitation, with over 2,400 Staff and 225 Physicians Providing Comprehensive Medical Services.
- In Close Proximity to Cummins Columbus Engine Plant - Cummins Inc. is a Global Leader in Power Solutions, specializing in Diesel and Alternative Fuel Engines, Power Generation, and Electrified Powertrain Systems.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$339,542.00
$28,295.17/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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