Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1490 Fort Harrison Road, Terre Haute, Indiana, a single-tenant, net leased industrial investment offering. The property sits minutes away from the U.S. Route 41 and Indiana State Road 63 interchange. In addition to major interstate access, the property resides directly off Fort Harrison Rd which is home to many national retailers and economic drivers. The subject property is 53,000 square feet that was built in 1991 and consists of mostly warehouse build-out. The property was recently leased on a triple-net structure to a local distribution company for a 5-year term. The current lease contains 3% annual rental increases and minimal landlord responsibility. The purchase of this offering presents an investor with a passive single-tenant industrial opportunity. At the current list price of $2,750,000 the investment generates an in-place NOI of $251,750 which equates to an 9.15% capitalization rate.