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TRP LABORATORIES | ABS. NET w/ 3.5% INCREASES 635 S Mapleton St 45,370 sq ft Industrial Property Columbus, IN 47201 £3,619,885 (£79.79/sq ft) 6.99% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 18+ Year Absolute Net Lease Featuring Above Market 3.5% Annual Rental Increases throughout the Initial Term and Options.
- TRP Laboratories is a Leader in Transportation Sciences, Offering Comprehensive Testing Services for Powertrains, Components, and Vehicle Systems.
- Within a Key Industrial and Manufacturing Hub that Plays a Vital Role in the City’s Economy.
- Location Utilized as an Office, Warehouse, Research and Development Facility.
- The Company provides Engine Testing, Environmental Analysis, and Engineering Support.
- Known for its Strong Presence in Engineering, Logistics, and Production Industries, this Location is Home to several Well-Established Companies.
EXECUTIVE SUMMARY
TRP Laboratories | Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways | Near Cummins Columbus Engine Plant
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
PROPERTY FACTS
UTILITIES
- Water - City
- Sewer - City
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- TRP Laboratories
- Retailer
- 45,370 sq ft
- -
- NNN
- Oct 2043
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| TRP Laboratories | Retailer | 45,370 sq ft | - | NNN | Oct 2043 |
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PROPERTY TAXES
| Parcel Number | 03-96-30-430-000.800-005 | Improvements Assessment | £522,186 |
| Land Assessment | £293,679 | Total Assessment | £815,865 |
PROPERTY TAXES
Parcel Number
03-96-30-430-000.800-005
Land Assessment
£293,679
Improvements Assessment
£522,186
Total Assessment
£815,865
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TRP LABORATORIES | ABS. NET w/ 3.5% INCREASES | 635 S Mapleton St
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