Listed by Bradley Company Indianapolis, B+E
$5,947,105
Rieke Corporation | Recent Extension | 24+ Year Occupancy
Details
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 72,900
Net Rentable (SqFt) 72,900
Cap Rate 9.5%
NOI $564,975
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 29.1
Lease Expiration 07/31/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options None
Price per SqFt $82
Year Built 1984
Year Renovated 2022
Buildings 1
Stories 1
Acreage 37.190
Zoning I1 - Light Industrial
Parking Spaces 410 spaces
Parking Per SqFt 5.62
Lease Commencement 07/11/2002
Ground Lease No
Loading Docks 1
Dock High Doors 6
Rieke Corporation | Recent Extension | 24+ Year Occupancy | NNN
Marketing description
- NNN LEASE | 4% ANNUAL ESCALATIONS
- RIEKE CORPORATION | GLOBAL MANUFACTURER
- 24+ YEAR OCCUPANCY | LONG-TERM TENANCY | RECENT LEASE EXTENSION
- CORPORATE GUARANTEE FROM TRIMAS | ± $1.4 BILLION (FY 2025)
- PRIMARY MANUFACTURING FACILITY | MISSION-CRITICAL OPERATIONS
- RECENTLY REPLACED ROOF
- LARGE PARCEL SIZE | ± 37.19 AC | ± 410 PARKING SPACES
- GATEWAY TO REGIONAL MARKETS | I-69 ACCESS
Investment highlights
Exclusively Listed By:
Tim Hain | Senior Director | 312.366.3584 | [email protected]
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
In association with Sam Smith | IN License #: RB14019962
Listing Contacts
Listed by Bradley Company Indianapolis, B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$564,975.00
$47,081.25/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
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