2505 Laura Ct
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2505 Laura Ct
74,450 SF Industrial Building Elkhart, IN 46517 $5,278,481 ($71/SF) 7.25% Cap Rate
Investment Highlights
- An Absolute Net Lease - Ferret Inc. maintains the property's interior and exterior.
- % annual rent bumps
- . Over 13 years remaining on the lease term
Executive Summary
Originally built in 1996, the space has undergone 2 expansions, one in 2001 and a large, 41,000 SF expansion in 2011. Compromised of 1,200 SF office space and 73,250 SF warehouse space.
This location serves as the corporate headquarters for Ferret Inc., a leading manufacturer and supplier of roll formed parts with over 50 years of experience in the industry.
Encompassing 6.98 acres with road access from Laura Court and from Charlotte Ave, there is additional potential for growth if needed.
Strategically located in the Midwest's "cradle" for the steel industry. This allows for low procurement cost of raw materials, and access to all major transportation options for their products and customers.
This location serves as the corporate headquarters for Ferret Inc., a leading manufacturer and supplier of roll formed parts with over 50 years of experience in the industry.
Encompassing 6.98 acres with road access from Laura Court and from Charlotte Ave, there is additional potential for growth if needed.
Strategically located in the Midwest's "cradle" for the steel industry. This allows for low procurement cost of raw materials, and access to all major transportation options for their products and customers.
Property Facts
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 20-05-24-202-001.000-002 | Improvements Assessment | $1,946,600 |
| Land Assessment | $201,800 | Total Assessment | $2,148,400 |
PROPERTY TAXES
Parcel Number
20-05-24-202-001.000-002
Land Assessment
$201,800
Improvements Assessment
$1,946,600
Total Assessment
$2,148,400
zoning
| Zoning Code | I-2 (Industrial) |
| I-2 (Industrial) |
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2505 Laura Ct
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