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Single-Tenant Industrial

Parker Hannifin Corporate Lease | NYSE PH

1201 86th Place, Merrillville, IN 46410

Listing Price: $2,500,000

Cap Rate
8.23%
Gross SF
29,420
Price/Gross SF
$84.98
Lot Size
2.87 acres
Year Built
1989
Rentable SF
29,420

Investment Overview

Marcus & Millichap is pleased to present the 29,420 square foot industrial building currently occupied by Parker Hannifin. Parker Hannifin is a global company that enables engineering breakthroughs that lead to a better tomorrow. As the global leader in motion and control technologies, Parker plays a pivotal role in applications that have a positive impact on the world. Parker has been a tenant in the property since 1991. The site is home to the medical systems business unit. The building has been built out with a number of class 10000 clean rooms and office areas to accommodate the business unit. The long-term tenant has eight two-year options left on their lease. Although the income remains unchanged, at the eight- and one-half percent cap rate, the property will provide a return, far above most other conservative investment vehicles.

Investment Highlights

  • Building is Registered with the Federal Department of Agriculture (FDA) as a Device Manufacturing Facility
  • Tenant Since 1991
  • Credit Tenant | NYSE Symbol PH
  • Interstate 65 Frontage
  • Eight Two-Year Options Remain on the Lease
  • Fully Heated and Air Conditioned
  • Building Has Controlled Environments and Clean Rooms

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Industrial

Parker Hannifin Corporate Lease | NYSE PH

Listing Price: $2,500,000

Cap Rate
8.23%
Gross SF
29,420
Price/Gross SF
$84.98
Lot Size
2.87 acres
Year Built
1989
Rentable SF
29,420

Investment Highlights

  • Building is Registered with the Federal Department of Agriculture (FDA) as a Device Manufacturing Facility
  • Tenant Since 1991
  • Credit Tenant | NYSE Symbol PH
  • Interstate 65 Frontage
  • Eight Two-Year Options Remain on the Lease
  • Fully Heated and Air Conditioned
  • Building Has Controlled Environments and Clean Rooms

Investment Overview

Marcus & Millichap is pleased to present the 29,420 square foot industrial building currently occupied by Parker Hannifin. Parker Hannifin is a global company that enables engineering breakthroughs that lead to a better tomorrow. As the global leader in motion and control technologies, Parker plays a pivotal role in applications that have a positive impact on the world. Parker has been a tenant in the property since 1991. The site is home to the medical systems business unit. The building has been built out with a number of class 10000 clean rooms and office areas to accommodate the business unit. The long-term tenant has eight two-year options left on their lease. Although the income remains unchanged, at the eight- and one-half percent cap rate, the property will provide a return, far above most other conservative investment vehicles.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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