Well-maintained 22,000 SF multi-tenant industrial investment in two buildings at 123-125 Industrial Park Dr.Building 123 (12,000 SF) fronts Industrial Park Dr and has three bays. Unit A (3,000 SF) is leased to Zahner Gym. Unit B (6,000 SF) is vacant and ready for a new tenant or owner-user. Unit C… Read More (3,000 SF) is leased to Fastenal. Every unit has street frontage and rear access through a 10'x14' overhead door.Building 125 (10,000 SF) sits directly behind Building 123. One tenant leases both 5,000 SF suites. Each suite has a 10'x14' overhead door on the front and a 10'x14' overhead door at the rear, which suits vehicles, equipment and large deliveries.Ownership has put about $90,000 into capital improvements since 2023, which cuts a Buyer's near-term capital needs:Parking lot resealed and restripedNew HVAC in Suites 123B, 123C and Building 125LED lighting and a new water heater in 123CFull renovation of 123A in 2024: HVAC, lighting, paint, expanded restroom and demising wallsAnother HVAC replacement in 123B in 2026New water heater in 125B in 202616,000 SF is leased, including a national tenant, and the 6,000 SF vacancy offers immediate upside. The property fits an investor looking for in-place income with value-add potential, or an owner-user who wants to occupy space while collecting rent from established tenants. Seller will guarantee rent of vacant 6,000 sf for 6 months allowing ample time to find a replacement tenant. Read Less
Courtesy of Galen B Pellham, Murney Associates - Primrose.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Industrial
Full Baths
9
Square Ft.
22,000
Lot Size
2.84 Acres
Year Built
2006
MLS Number
60335972
Additional Details
Building
Built in 2006
Cooling
Electric, Central Air
Heating
Forced Air, Varies by Unit, Electric
Lot
2.84 acres, Dimensions: 220.3X624.6 m/l, Level
Parking
Paved, Parking Area, Hard Surface, 20+ Spaces
Property
Panoramic
Roof
Metal
Taxes
Parcel Number: 174017000000001004, Public Survey Section: 17, Annual Amount: $16,050, Legal Description: Lakes Area Industrial Park E 220.34' Lt 2; Rplt Lt, Year: 2025
Utilities
Sewer Available, Electricity Available, Water Available
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