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1047 Broadway St

31,000 SF Industrial Building Anderson, IN 46012 $1,850,000 ($60/SF)

Investment Highlights

  • 28,777 SF printing production and distribution facility situated on 1.94 acres
  • Fully leased to Phoenix Innovate through December 31, 2027 on a NNN lease
  • Meticulously maintained asset with recent extensive capital improvements
  • Property features include three (3) dock doors, one (1) drive-in door, new LED lighting, heavy power, humidified and temperature controlled warehouse

Executive Summary

1047 Broadway Street in Anderson, Indiana is a 28,777 SF printing production and distribution facility situated on 1.94 acres of industrial zoned ground. The building was originally built in the 1980s with expansions to the structure done in the 1990s and 2000s. The building includes three (3) dock doors and one (1) drive-in door, newly replaced LED lighting throughout, a fully humidified and temperature controlled warehouse, fifty (50) car parks, 12-26 inch thick concrete flooring, as well as heavy power capacity which will prove attractive to a wide variety of alternative users into the future.
The Property is fully leased to Phoenix Innovate through December 31, 2027 on a NNN lease. Phoenix Innovate is a printing and marketing firm based in Troy, Michigan with notable clients including, but not limited to, Anthem, Purdue University, Indiana University, Bosch, Stellantis, and Google, to name a few. Some of their services include: market research, marketing automation, custom applications, content development, and a wide variety of commercial printing consultations and customized solutions. The Property serves as one of their major production facilities making this asset mission critical to their national pipeline.
Current ownership has meticulously maintained the property and completed extensive capital improvements in the past couple of years including: sealing and top coating the parking lot, interior and exterior painting, increasing the building’s power capacity, and the installation of the ASTEC roof system.

Property Facts

Price $1,850,000
Price Per SF $60
Sale Type Investment NNN
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.94 AC
Rentable Building Area 31,000 SF
No. Stories 1
Year Built 1992
Tenancy Single
Parking Ratio 1.6/1,000 SF
Clear Ceiling Height 18 FT
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 1

Amenities

  • Conferencing Facility
  • Accent Lighting
  • Reception
  • Fluorescent Lighting
  • Air Conditioning

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 48-11-01-402-114.000-003
  • 48-11-01-402-111.000-003
  • 48-11-01-402-113.000-003
Land Assessment
$30,600
Improvements Assessment
$0
Total Assessment
$30,600

zoning

Zoning Code Industrial (Light Industrial, Well suited for Light Assembly, Distribution and or Service. Many Possible Uses and Great Location.)
Industrial (Light Industrial, Well suited for Light Assembly, Distribution and or Service. Many Possible Uses and Great Location.)
  • Listing ID: 32077992

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 1047 Broadway St, Anderson, IN 46012

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