Property Listing No Longer Available for Sale

8211 Grand Boulevard, Merrillville, IN

Industrial for Sale - $1,690,000 - 12,000 Sq. Ft. on 4.09 acres


Property Info

CIMLS#1040482
Location
  8211 Grand Boulevard
  Merrillville IN 46410
UpdatedJune 6th, 2019
TypeIndustrial
Price$1,690,000
Building12,000 Sq. Ft.
Land4.09 acres

Property Description

This is a newly constructed built to suit building Vacuum Truck Rentals currently in a 10 year lease with 8 years remaining. 1,800 SF office with 10,200 SF warehouse sitting on 4.09 acres fully fenced. Building is steel framed and steel sided with 20 foot eaves. Features include 7 (12'x14') overhead doors. Exterior features are extensive parking area with fencing and 2 gates. Well and sewer. Located in Hobart with a Merrillville mailing address. 2018 pay 2019 taxes $10,060.54

This is a nearly NNN lease where by owner pays casualty insurance, landlord accounting, legal and property management (if desired) This is a 10 year lease with 2 5-year options to renew with approximately 2% escalation with the tenant paying base rent, all taxes, grounds services and maintenance of property plus parking area land lease rent. 1/1/19 commenced year 3 of the lease term.

Situated just south of the stop light at U.S. Highway 30 and Grand Boulevard. 1/2 mile east of Albanese Candy, 1 mile west of Deep River Water Park. 2 1/2 miles east of the US 30/I-65 interchange. Good highway access via US Highway 30 to I-65, I-80/94 and I-90. Close proximity to 6 million square feet of retail that includes Walmart, Sam's Club, Big Lots, Target, Home Depot, Southlake Mall, Costco and so much more! Surrounding businesses include: Speedway, Birdy's Off 30 Truck Services, Atlas Bobcat, Downing Plumbing and Northern Indiana Federal Credit Union.


Financials



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