2000 E 196Th St, Westfield, IN 46074
For Lease
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This Class A industrial property, located at 2000 E. 196th Street in Hamilton County, offers a rare opportunity for manufacturing businesses. The building totals 106,267 square feet and is currently multi-tenant, with one 40,000 square foot space immediately available. This space features a 200' x 200' footprint with 50' x 50' column spacing, providing excellent flexibility for various manufacturing processes. The high ceilings, measuring 20 feet, accommodate substantial equipment and operations. Loading is facilitated by six loading docks, plus one drive-in door, ensuring efficient material handling. The space is climate-controlled, offering both heating and cooling for optimal working conditions. The property boasts robust electrical service, including 480V, 3-phase, 1500 amp power. The building is situated for convenient access to US 31, enhancing logistics and transportation. The 2025 budget anticipates a net-net-net (NNN) lease rate of $2.16 per square foot. The minimum divisible space is 40,000 square feet, with a maximum contiguous space also at 40,000 square feet. This exceptional property presents a compelling opportunity for businesses seeking a modern, efficient, and strategically located manufacturing facility.
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Pangeo - Porter Engineered Systems Inc Industrial Manufacturer Production Facility
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Richards Building Supply Distribution Center Logistics Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.