816 Millbrook Ln

A 31,800 square foot industrial property is available for sale at 816 Millbrook Lane in Kokomo, Indiana, offering investors in-place income and owner users a well-equipped facility on the city’s north side. The property comprises two buildings across four parcels totaling 5.16 acres, zoned Light Industrial (LI). The main building provides 21,000 square feet with approximately 2,920 square feet of office including 12 private offices and two conference rooms, alongside 18,080 square feet of warehouse space. A separate outbuilding adds 10,800 square feet of warehouse. The facility offers a 22 foot 6 inch clear height, six drive-in doors ranging from 12’x14′ to 25’x14′, two 9’x8′ loading docks, and radiant heating throughout the warehouse. Built in 1972 and in average condition, the property is leased through December 2029 with 3 percent annual escalations, giving an investor established income from day one. The lease includes a termination upon sale provision, allowing a buyer to take occupancy with 90 days’ written notice to the tenant. Asking price is $2,475,000.