1234 Bringham Dr Sellersburg, IN
Industrial property with existing Penske lease and additional land.
Property size:
7,500 SFLot size:
1.98 AcresProperty Features for 1234 Bringham Dr
General Information
- Size
- 7,500 SF
- Lot size
- 1.98 Acres
Source:
Moodyscre
Listing 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
Location Insight
- Map
- Local Demand
- City
- Sellersburg
- County
- Clark
- State
- Indiana
- Longitude
- -85.754964
- Latitude
- 38.3981216
Nearby Similar for Sale
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.