Leased Industrial Investment
For Sale
Contact for pricing
105 Security Parkway, New Albany, IN 47150
71,350 SF industrial property in New Albany, Indiana.
Property Size71,350 SF
Price / SF$97.41
Days on Market154
Property Features for 105 Security Parkway
General Information
Standard status
Active
Size
71,350 SF
Property subtype
Industrial
Zoning
I2 Heavy Industrial
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
TRIO Commercial Property Group LLC
Listed By:
Dalton Dreisbach · License #KY
(502) 387-8479
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 26 at 12:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRIO Commercial Property Group LLC
Investment Insights
Based on property information with market context.
This 71,350 square foot industrial property, located at 105 Security Parkway in New Albany, Indiana, presents an investment opportunity. The building is fully leased and features two tenants. The property includes office space over two stories. Zoned Heavy Industrial (I-2), the warehouse offers 18 loading docks with 9' x 10' doors, heavy 3-phase electric service, and an automatic wet sprinkler system.
Key Highlights
- Fully leased 71,350 SF industrial investment opportunity.
- Zoned Heavy Industrial (I‑2).
- Features 18 loading docks with 9' x 10' doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$358,645
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,172,900
$7.2M
Cap Rate 7%
$5,123,500
$5.1M
Cap Rate 9%
$3,984,944
$4.0M
Market Conditions
NOI Build-Up for 71,350 SF
Gross rent
$439.5K $6.16/SF
− Vacancy
−$17.6K −$0.25/SF
EGI
$421.9K $5.91/SF
− OpEx
−$63.3K −$0.89/SF
NOI
$358.6K $5.03/SF
Area
Floyd County, IN
Vacancy
4.00%
Lease Rate
$6.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,172,900
Cap Rate 7%
$5,123,500
Cap Rate 9%
$3,984,944
Alternative Uses
Best Use
Office B
$12.78M
$11.18M – $14.91M
NOI $894,643 @ 7.0% cap · market cap 12.87%
Second Best
Warehouse
$5.12M
$4.48M – $5.98M
NOI $358,645 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$51.57M
$45.13M – $60.17M
NOI $3,610,071 @ 7.0% cap · market cap 51.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - 71,350 SF industrial property in New Albany, Indiana.
Where is this warehouse located?
The property is located at 105 Security Parkway New Albany, IN.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Fully leased 71,350 SF industrial investment opportunity.; Zoned Heavy Industrial (I‑2).; Features 18 loading docks with 9' x 10' doors.
