7401 East Melton Road, Gary, IN
Industrial for Sale - $575,000 - 15,000 Sq. Ft. on 43560 acres
Property Info
CIMLS# | 719078 |
Location 7401 East Melton Road Gary IN 46403 | |
Updated | May 20th, 2014 |
Type | Industrial |
Price | $575,000 |
Building | 15,000 Sq. Ft. |
Land | 43560 acres |
Property Description
Marcus & Millichap is proud to present the Motion Industries facility located at 7401 East Melton Road in Gary, Indiana. The Gary facility is a 15,000-square foot brick and steal build-to-suit. The landlord is solely responsible for the roof, structure and replacement of HVAC. The landlord is not responsible for HVAC repairs. Motion Industries current lease expires October 31, 2017.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company has a long tradition of growth dating back to 1928 and is well known for the successful automotive replacement parts division, NAPA. GPC's Industrial Parts Group, Motion Industries, offers access to more than four million industrial replacement (MRO) parts, including: bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial supplies and material handling.
Location Description:
Located in Gary, IN
Highlights:
>> Motion Industries Portfolio Consisting of Two Properties
>> Fortune 500 Parent Company - Genuine Parts Company
>> Standard & Poor's 'A' Rating
>> Build-to-Suit
>> 15,000-Square Foot Masonry Building
>> Minimal Landlord Responsibilities
>> Over Three Years of Lease-Term Remaining
* Email for additional photos
Financials
Sales Info:
>> Cap rate: 8.87%
>> NOI: $51000