1047 Broadway StAnderson, IN 46012

Property Details for 1047 Broadway St

Year built

1965

Lot size

0.25 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

48-11-01-402-117.000-003

APU

481101402117000003

Description

This stabilized industrial investment property in Anderson, Indiana, offers a compelling opportunity. The 28,777 square foot facility, situated on 1.94 acres, is fully occupied under a triple-net (NNN) lease with Phoenix Innovate, a reputable printing and marketing firm, expiring December 30, 2027. The lease includes a renewal option, providing long-term income stability. Built in phases between 1980 and 2004, the building boasts three loading docks, one drive-in door, 50 parking spaces, and an 18-foot ceiling height. Recent capital improvements include a new ASTEC roof system, resealed parking lot, interior/exterior painting, and upgraded electrical capacity. The warehouse features a fully humidified and temperature-controlled environment, along with 12-26 inch thick concrete flooring. The property's heavy power capacity and strategic location make it attractive to a diverse range of potential future tenants. The asking price is $1,850,000, representing a price per square foot of $64.29. This asset presents a strong cash flow with a committed tenant and significant upside potential. The property's APN is 48-11-01-402-111.000-003. Located at 1047 Broadway St, Anderson, IN 46012.

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.125

Longitude

-85.6788

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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