6013 Elsner Dr 70,000 SF Industrial Building Seymour, IN 47274 $8,908,510 CAD ($127.26 CAD/SF) 6.02% Cap Rate

This building was completed in 2017 and is leased to Aisin USA and is utilized as a distribution facility as part of their Seymour campus. Locally, in Seymour Aisin employees approximately 2,000 workers. Aisin Corporation, headquartered in Kariya City, Aichi, Japan, is one of the world’s largest Tier 1 automotive suppliers and a Fortune Global 500 company. The company maintains a global footprint of approximately 200 affiliated companies and over 120,000 employees worldwide. As the Tenant, they took possession of the building October 2018 and are in the second option of the current lease. There is another renewal option in place to 2033.
About the Building
The building is a steel building constructed by TDAK Development, Inc., a local contractor. The building is 70,000 SF with dimensions of 200 X 350 feet. The structure was designed to be expanded up to 140,000 SF with 39’ eave height on the south side of the building and 50’ on the north side. There are presently 3 dock doors. The building features include the following: 33' Column Spacing, 39' Eave Height, Duro-Last Roof System, 34' Minimum - 50' Maximum Ceiling Height. Features include for 480-3 Phase Electric, LED High Bay Lighting Package, Gas Overhead Heating System Wet Sprinkler System and 6" Floor based upon a buyer's requirements. This property also has a Property Tax Abatement which transfers with the ownership.