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808 W Lincoln Ave 12,196 SF Flex Building Goshen, IN 46526 $1,093,005 CAD ($89.62 CAD/SF) 9.50% Cap Rate
Investment Highlights
- NNN Lease
- Long-term operating history
- Sonepar - $37 billion annual revenue
- Current lease expires – 11/30/2027
- Goshen Electric/Standard Electric is a wholly owned subsidiary of Sonepar
- One, 1-year option period remaining
Executive Summary
Freidman Real Estate is pleased to present this free-standing single-tenant net leased industrial investment opportunity in Goshen, IN. The tenant, Goshen electric was founded and has been successfully operating since 1936. In October of 2015, Goshen Electric, Inc. was acquired by Saginaw, MI based Standard Electric Company, turning it into a division of their company. Standard Electric is a wholly owned subsidiary of Sonepar ($37 Billion annual revenue).
Property Facts
| Price | $1,093,005 CAD | Rentable Building Area | 12,196 SF |
| Price Per SF | $89.62 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1956 |
| Cap Rate | 9.50% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 0.88 AC | ||
| Zoning | B-2 | ||
| Price | $1,093,005 CAD |
| Price Per SF | $89.62 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 12,196 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | B-2 |
Utilities
- Water - City
- Sewer - City
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-11-09-304-002.000-015 | Improvements Assessment | $277,125 CAD |
| Land Assessment | $107,363 CAD | Total Assessment | $384,489 CAD |
Property Taxes
Parcel Number
20-11-09-304-002.000-015
Land Assessment
$107,363 CAD
Improvements Assessment
$277,125 CAD
Total Assessment
$384,489 CAD
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808 W Lincoln Ave
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