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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

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    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.
    (502) 523-6444
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    1234 Bringham Dr Sellersburg, IN
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    Sellersburg, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1234 Bringham Dr Sellersburg, IN
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