Listed by Friedman Real Estate, Friedman Real Estate IL LLC
$790,000
Goshen/Standard Electric - STNL Industrial
Details
APN 20-11-09-304-002.000-015
Property Type Industrial
Sub Type Warehouse
Square Footage 14,236
Cap Rate 9.50%
NOI $75,000
Tenancy Single
Lease Type NNN
Lease Expiration 11/29/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options One, 1-Year Option
Year Built 1956, 1985
Acreage 0.910
Zoning ZO01
Parking Spaces 20 spaces
Parking Per SqFt 1.40
Lease Commencement 12/01/2015
Ground Lease No
Loading Docks 4
804-808 W Lincoln Ave, Goshen, IN 48846-1774
Marketing description
Freidman Real Estate is pleased to present this free-standing single-tenant net leased industrial investment opportunity in Goshen, IN. The tenant, Goshen electric was founded and has been successfully operating since 1936. In October of 2015, Goshen Electric, Inc. was acquired by Saginaw, MI based Standard Electric Company, turning it into a division of their company. Standard Electric is a wholly owned subsidiary of Sonepar ($37 Billion annual revenue).
The current lease expires in November 2027. The lease features One, 1-year option period with a 2.50% rent increase.
Investment highlights
- NNN Lease
- Current lease expires – 11/30/2027
- Long-term operating history
- Goshen Electric/Standard Electric is a wholly owned subsidiary of Sonepar
- Sonepar - $37 billion annual revenue
- One, 1-year option period remaining
- 2.50% rental increase is included in the option period
Listing Contacts
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,000.00
$6,250.00/mo
Valuation Metrics
0
DSCR
9.49%
Cap Rate
9.49%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
