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1450 Commerce Pky

178,060 SF 4-Star Industrial Building Franklin, IN 46131 £9,389,400 (£53/SF)

Investment Highlights

  • 1450 Commerce Parkway is a 178,060 SF industrial manufacturing facility with 20,000 SF of office space, ready to be build-out to meet occupant needs.
  • Equipped with heavy power (electrical capacity of 8,000 amps) and three crane spans with varying lengths and capacities for handling tasks.
  • Located near Franklin's main manufacturing hub, minutes from Interstate 65 and US Route 31.
  • Features a clear height of 20’ to 25’, flexible column spacing, and eight docks and two drive-in doors, each with manual levelers and dock locks.
  • Situated on a 32.6-acre lot zoned General Industrial supporting various manufacturing uses with 15 acres for expansion or additional parking.

Executive Summary

Located in Johnson County's bustling industrial hub, 1450 Commerce Parkway offers prime manufacturing and warehouse space with desirable building specifications and incredible highway connectivity. Spanning 178,060 square feet, this property supports diverse industrial needs with approximately 158,000 square feet of warehouse space and 20,000 square feet of office space. Constructed in 1994, the building is designed with a steel-framed metal panel structure and a durable standing seam metal roof, ensuring longevity and resilience. Situated on a 32.6-acre site, 1450 Commerce Parkway provides plenty of parking with 170 surface spaces, accommodating employees and visitors alike, and ±15 acres of excess land for expansion or additional parking. The site's General Industrial (GI) zoning underscores its suitability for a wide variety of manufacturing and industrial uses.

1450 Commerce Parkway features exceptional building specifications including heavy power, various cranes, and multiple loading docks, ideal for businesses looking to enhance operations. The warehouse boasts a clear height of 20 to 25 feet, with specific areas accommodating up to 20 feet under crane operations, and flexible column spacing between 40 and 52 feet. For efficient loading and unloading processes, the facility is equipped with eight docks and two drive-in doors, each enhanced with manual levelers and dock locks. An impressive electrical capacity of 8,000 amps, divided into two 4,000-amp services, powers the complex, supporting high-demand industrial activities. This property is designed for high efficiency, featuring a strategic layout with T5 and T12 lighting systems for optimal visibility and energy efficiency. Enhancing its appeal to specialized operations, the facility includes three crane spans with varying lengths and capacities to accommodate a range of heavy lifting and material handling tasks.

Johnson County is less than 30 miles south of downtown Indianapolis and is among the area's most active from both a supply and demand standpoint. Investors, tenants, and developers are attracted to the prime location, significant manufacturing presence, and access to major thoroughfares. 1450 Commerce Parkway thrives in this advantageous industrial location with quick access to interstates, population centers, railroad intermodals, and ports. The property is minutes from Interstate 65 and US Route 31, providing a seamless connection to Interstate 465, Indianapolis International Airport, and the broader metro area. Johnson County is home to a wealth of manufacturing companies, such as NSK Precision, a leading manufacturer of bearings and other automotive components, GMI Corporation, Caterpillar, and KYB, a manufacturer of aftermarket shocks and struts.

Property Facts

Price £9,389,400
Price Per SF £53
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class A
Lot Size 32.60 AC
Rentable Building Area 178,060 SF
Number of Floors 1
Year Built 1994
Tenancy Single
Parking Ratio 1.18/1,000 SF
Clear Ceiling Height 20 ft
No. Dock-High Doors/Loading 8
Level Access Doors 2
Opportunity Zone Yes

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 50,000-178,060 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Features 178,060 SF with 20,000 SF of office space, customizable to meet diverse needs. Situated on a 32.6-acre lot with 15 acres available for expansion or additional parking. Includes both dock and drive-in loading options. Located near Franklin's main manufacturing hub for optimal business operations. Equipped with 8,000 AMPs of power, suitable for high-demand industrial use. Designated General Industrial, supporting various manufacturing processes. The warehouse boasts a clear height of 20’ to 25’, with specific areas accommodating up to 20’ under crane operations, and flexible column spacing between 40’ and 52’. The facility is equipped with eight docks and two drive-in doors, each enhanced with manual levelers and dock locks for efficient loading and unloading processes. An impressive electrical capacity of 8,000 AMPS, divided into two 4,000 AMP services, powers the complex, supporting high-demand industrial activities.

Space Size Space Use Condition Available
1st Floor 50,000-178,060 SF Industrial Partial Build-Out 30 Days

1st Floor

Size
50,000-178,060 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size 50,000-178,060 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Features 178,060 SF with 20,000 SF of office space, customizable to meet diverse needs. Situated on a 32.6-acre lot with 15 acres available for expansion or additional parking. Includes both dock and drive-in loading options. Located near Franklin's main manufacturing hub for optimal business operations. Equipped with 8,000 AMPs of power, suitable for high-demand industrial use. Designated General Industrial, supporting various manufacturing processes. The warehouse boasts a clear height of 20’ to 25’, with specific areas accommodating up to 20’ under crane operations, and flexible column spacing between 40’ and 52’. The facility is equipped with eight docks and two drive-in doors, each enhanced with manual levelers and dock locks for efficient loading and unloading processes. An impressive electrical capacity of 8,000 AMPS, divided into two 4,000 AMP services, powers the complex, supporting high-demand industrial activities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-08-11-043-001.000-009
Land Assessment
£943,400
Improvements Assessment
£3,344,191
Total Assessment
£4,287,591

zoning

Zoning Code IG (General Industrial, Light District)
IG (General Industrial, Light District)
  • Listing ID: 31494437

  • Date on Market: 12/04/2024

  • Last Updated:

  • Address: 1450 Commerce Pky, Franklin, IN 46131

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