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1234 Bringham Dr Sellersburg, IN

For Sale
$1,600,000

Industrial property with existing Penske lease and additional land.

Property size:
7,500 SF
Lot size:
1.98 Acres

Property Features for 1234 Bringham Dr

General Information

Size
7,500 SF
Lot size
1.98 Acres

Source: Baker Commercial Real Estate Agent Jim Baker

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Property with Penske Lease

The property at 1234 Bringham Dr, Sellersburg, IN, features a 7,500 square foot industrial building. It is currently under a 5-year NNN lease with Penske Truck Leasing Co. at $8,500 per month, equating to an annual base rate of $102,000, which represents a 6.375% cap rate. The lease includes two 5-year renewal options at $9,500 per month and $10,500 per month. The sale of this property must include the adjacent 8 acres of I-2 industrial zoned land, with 1 acre currently used by Penske Trucking Co. The total sale price for both the property and the land is $2,200,000, with an additional $600,000 for the land.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Penske Truck Leasing Auto Repair Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sellersburg
County
Clark
State
Indiana
Longitude
-85.754964
Latitude
38.3981216

FAQs

What type of property is this?
Truck terminal - Industrial property with existing Penske lease and additional land.
Where is this truck terminal located?
The property is located at 1234 Bringham Dr Sellersburg, IN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - High-value investment: Features a 5-year NNN lease with Penske Truck Leasing Co. at $8,500/month ($102,000 annually).; - Significant income potential: Lease includes two 5-year renewal options at $9,500/month and $10,500/month.; - Substantial land included: Sale includes an adjacent 8 acres of I-2 industrial zoned land.
More about this property
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