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Warehouse

Kentland Industrial SLB

103 E Bailie St, Kentland, IN 47951

Listing Price: $6,632,353

Cap Rate
8.50%
Gross SF
205,000
Price/Gross SF
$32.35
Lot Size
16.10 acres
Year Built
1977
Rentable SF
205,000

Investment Overview

Marcus & Millichap is pleased to present to market available for sale the Kentland Industrial SLB a fully-occupied 205,000 square foot Class B industrial building located in Kentland, IN. The subject property was originally constructed in 1977, comprising 90,000 square feet. In 2000 there was an addition to the north end of the facility consisting of 105,000 square feet, and a cross dock addition featuring 10,000 square feet. Additionally, the asset consists of roughly 99% Warehouse and 1% of office space with clear heights of roughly 20’11”24’. The Kentland Industrial SLB has been extremely well-maintained and updated over the years, which has proven to keep demand and interest in the location sustained with its historical occupancy. Location: Kentland Industrial SLB is located in Kentland, IN which sits on the western edge of Central Indiana bordering the Illinois State Line. Kentland is just 30 minutes from Lafayette which is the 9th largest city in Indiana and an economic cultural hub of the eastern Illinois, Indiana region. The greater Lafayette Metropolitan statistical area which includes West Lafayette has a population of 224,709 and is the home of Purdue University. Additionally, the subject property is ideally positioned 85 miles south of Chicago, 82 miles northeast of Champaign, 105 miles north of Indianapolis, and 136 miles east of Fort Wayne. Property Features: The Kentland Industrial SLB is one of the rare industrial assets within the area that couples the immediate access to US 41, US 24, and 18 miles to I Property is also situated within an Economic Opportunity Zone on 65. The Subject 16.10 acres of land. The asset features a total of 42 dock doors, 16 of which are positioned within the 10,000 square foot cross dock portion of the building. The northern portion of the property also features food grade LED shatter proof lighting which was installed in 2018, and fiber internet connection provided by Mediacom.

Investment Highlights

  • Economic Opportunity Zone
  • Ideally positioned on the Indiana and Illinois Border, providing access to multiple major markets.
  • Property Sits on 16.10 Acres for Avenues of Future Development
  • Seller will sign Two (2) Year Lease at Close
  • Immediate access to US 41, US 24, and 18 miles to I-65

Exclusively Listed By

Warehouse

Kentland Industrial SLB

Listing Price: $6,632,353

Cap Rate
8.50%
Gross SF
205,000
Price/Gross SF
$32.35
Lot Size
16.10 acres
Year Built
1977
Rentable SF
205,000

Investment Highlights

  • Economic Opportunity Zone
  • Ideally positioned on the Indiana and Illinois Border, providing access to multiple major markets.
  • Property Sits on 16.10 Acres for Avenues of Future Development
  • Seller will sign Two (2) Year Lease at Close
  • Immediate access to US 41, US 24, and 18 miles to I-65

Investment Overview

Marcus & Millichap is pleased to present to market available for sale the Kentland Industrial SLB a fully-occupied 205,000 square foot Class B industrial building located in Kentland, IN. The subject property was originally constructed in 1977, comprising 90,000 square feet. In 2000 there was an addition to the north end of the facility consisting of 105,000 square feet, and a cross dock addition featuring 10,000 square feet. Additionally, the asset consists of roughly 99% Warehouse and 1% of office space with clear heights of roughly 20’11”24’. The Kentland Industrial SLB has been extremely well-maintained and updated over the years, which has proven to keep demand and interest in the location sustained with its historical occupancy. Location: Kentland Industrial SLB is located in Kentland, IN which sits on the western edge of Central Indiana bordering the Illinois State Line. Kentland is just 30 minutes from Lafayette which is the 9th largest city in Indiana and an economic cultural hub of the eastern Illinois, Indiana region. The greater Lafayette Metropolitan statistical area which includes West Lafayette has a population of 224,709 and is the home of Purdue University. Additionally, the subject property is ideally positioned 85 miles south of Chicago, 82 miles northeast of Champaign, 105 miles north of Indianapolis, and 136 miles east of Fort Wayne. Property Features: The Kentland Industrial SLB is one of the rare industrial assets within the area that couples the immediate access to US 41, US 24, and 18 miles to I Property is also situated within an Economic Opportunity Zone on 65. The Subject 16.10 acres of land. The asset features a total of 42 dock doors, 16 of which are positioned within the 10,000 square foot cross dock portion of the building. The northern portion of the property also features food grade LED shatter proof lighting which was installed in 2018, and fiber internet connection provided by Mediacom.

Exclusively Listed By

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