Entity Owned Property summary
This exceptional single-tenant, net-leased industrial property in Granger, Indiana, offers a compelling investment opportunity. The 193,675-square-foot building, situated on 23.66 acres, is fully occupied by Terran Axle under a lease expiring December 31, 2028. The lease commenced October 3, 2024, and features a 3.5% annual rent increase. The property boasts 17 loading docks, 13 dock-high doors, and ceiling heights ranging from 15 to 24 feet. Significant recent improvements totaling… approximately $2,600,000 include a new roof (2024), full LED lighting upgrades, loading dock enhancements, parking lot improvements, insulation repairs, and the demolition of outdated interior offices. The property benefits from a prime location one mile north of I-90, ample fenced outdoor storage, a wet sprinkler system, and potential rail access via Grand Truck Western Railroad. The asking price is $8,079,000, representing an 8.75% cap rate and a first-year NOI of $706,914. Built in 1986 and extensively renovated in 2024, this asset presents a strong, stable income stream with significant upside potential. The property's APN is 71-04-13-427-001.000-011. No lease options are available.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 200,554 SF
- Lot area
- 24.33 ac
- Year built
- 1986
- Stories
- 1
- APN
- 71-04-13-427-001.000-011
- Assessed value · 2023
- $2,018,000
- Annual tax · 2023
- $35,651
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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