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32474085
32474079

6013 ELSNER DR, SEYMOUR, IN 47274-5563 For Sale

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners
$6,500,000
67 days on market
Updated 67 days ago

70,000 SF Distribution/Warehouse

Details
APN 366609400016012013
Property Type Industrial
Square Footage 70,000
Units 1
Cap Rate 6.00%
NOI $393,400
Tenancy Single
Rent Bumps Yes
Lease Options 5 Years
Class A
Year Built 2020
Buildings 1
Stories 1
Acreage 8.730
Zoning I-2
Investment Type Net Lease
Ground Lease No

About This Property for Sale

Marketing description

This building was completed in 2017 and is leased to Aisin USA and is utilized as a distribution facility as part of their Seymour campus. Locally, in Seymour Aisin employees approximately 2,000 workers. The lease commenced October 1st, 2018 and they exercised their second option which ends May 31st, 2028. There is another renewal option in place to 2033.

About the Building

The building is a steel building constructed by TDAK Development, Inc., a local contractor. The building is 70,000 SF with dimensions of 200 X 350 feet. The structure was designed to be expanded up to 140,000 SF with 39’ eave height on the south side of the building and 50’ on the north side. There are presently 3 dock doors. The building features include the following: 33' Column Spacing, 39' Eave Height, Duro-Last Roof System, 34' Minimum - 50' Maximum Ceiling Height. Features include for 480-3 Phase Electric, LED High Bay Lighting Package, Gas Overhead Heating System Wet Sprinkler System and 6" Floor based upon a buyer's requirements. This property also has a Property Tax Abatement which transfers with the ownership.

Investment highlights

This building was completed in 2017 and is leased to Aisin USA and is utilized as a distribution facility as part of their Seymour campus. Locally, in Seymour Aisin employees approximately 2,000 workers. Aisin Corporation, headquartered in Kariya City, Aichi, Japan, is one of the world’s largest Tier 1 automotive suppliers and a Fortune Global 500 company. The company maintains a global footprint of approximately 200 affiliated companies and over 120,000 employees worldwide. As the Tenant, they took possession of the building October 2018 and are in the second option of the current lease. There is another renewal option in place to 2033.

Listing Contacts

RM
IN IN RB14023230
Millman Realty Partners
Listed by Millman Realty Partners

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$393,400.00
$32,783.33/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

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Additional Information

Name
Rob Millman
License
IN RB14023230
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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