100% Net Leased Investment

Highlights:

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

Description:

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.

Located at 4447 Park Drive in Columbia City, this property offers strong access to key regional transportation routes within a well-established industrial area. The site is conveniently positioned near U.S. 30, a major east-west corridor that provides direct connectivity to Fort Wayne and other surrounding markets.

In addition, the property benefits from easy access to State Road 9, allowing for efficient north-south travel throughout the region. Its proximity to Interstate 69 further enhances regional and interstate connectivity, supporting distribution and logistics operations. This strategic location provides excellent accessibility for employees, vendors, and transportation networks alike.

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