1047 Broadway St Anderson, IN 46012-2526

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.