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Investment Highlights

  • 53,500 SF Industrial Investment – 100% leased single-tenant net lease on 4.42 acres
  • Attractive Returns – Offered at a 6% cap rate with stable cash flow
  • Loading & Power – 3 dock doors with levelers, 2 overhead doors, and 3-phase 1,200 amp 480/277V power + 300 KVA transformer
  • Credit Tenant – Leased to Ultra Maritime with a new 5-year lease (Dec 2025), renewal options, and rent escalations
  • Building Specs – 27’ clear height, 8” concrete floors, LED lighting, and wet sprinkler system
  • Recent Improvements – New warehouse AC and roof upgraded with rubber coating (2018)

Executive Summary

This 53,500-square-foot industrial investment property presents a strong opportunity to acquire a fully leased, single-tenant net-leased asset with stable income and a credit-grade tenant. The building is 100% leased to Ultra Maritime, which executed a new 5-year lease in December 2025 that includes renewal options and scheduled rent escalations, providing long-term income growth and security. Offered at a 6% cap rate, the property delivers reliable cash flow backed by a quality tenant.
Situated on 4.42 acres, the facility is well-equipped to support modern industrial operations. The building features a 27-foot clear height, 8-inch concrete floors, and efficient loading capabilities with three dock doors (with levelers) and two overhead doors (10’ x 12’ and 14’ x 16’). Recent capital improvements include a brand-new air conditioning system in the warehouse and a standing seam metal roof with a rubber coating applied in 2018.
Additional features include LED lighting, a wet sprinkler system, and robust power capacity with 3-phase, 1,200 amp, 480/277 volt service, supplemented by an additional 300 KVA transformer. This well-maintained, high-functioning facility offers investors a secure, income-producing asset with strong fundamentals and long-term upside.

Property Facts

Price $8,736,742 CAD
Price Per SF $163.30 CAD
Sale Type Investment NNN
Cap Rate 6%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 4.42 AC
Rentable Building Area 53,500 SF
No. Stories 1
Year Built/Renovated 1998/2019
Tenancy Single
Parking Ratio 1.42/1,000 SF
Clear Ceiling Height 27’
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 2
Zoning IPM

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Manufacturing
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Cobham Ultra is a mission-critical systems business that brings together Cobham and Ultra, two British engineering groups with roots reaching back to 1934 and 1920, respectively. The company focuses on application-engineered bespoke solutions for defense, security, critical detection and control environments, and related aerospace and industrial markets. Cobham Ultra’s business units cover areas such as maritime sonar, radar, acoustic expendables, signature management, power systems, and safety and mission-critical aerospace solutions. The group’s current structure reflects Cobham’s acquisition of Ultra, completed in 2022, and the company now operates through a set of specialist units serving complex technical programs across its core markets.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Manufacturing 99,999 SF - Lorem Ipsum Jan 0000
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
92-05-16-216-019.000-012
Land Assessment
$197,954 CAD
Improvements Assessment
$2,424,429 CAD
Total Assessment
$2,622,383 CAD
  • Listing ID: 39215018

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 4447 E Park 30 Dr, Columbia City, IN 46725

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