105 Security Parkway

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105 Security Parkway

New Albany, IN 47150
Asking Price
$6.95M
Asset Type
Warehouse Industrial
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Industrial warehouse property located in New Albany, Indiana
  • Asset spans a total of 71,350 square feet
  • Offered for acquisition at a price of $6,950,000
  • Strategically positioned within the broader Louisville metropolitan region
  • Facility suited for logistics, warehousing, or light industrial use

What's Special

Priced at $6,950,000, this 71,350-square-foot industrial facility at 105 Security Parkway represents a significant capital investment opportunity in New Albany, Indiana. The property operates as a functional warehouse, positioned to serve logistics and distribution needs within the greater Louisville metropolitan area. This region maintains a robust industrial sector supported by accessible interstate infrastructure and a consistent regional labor pool, making it a strategic hub for supply chain operations. The building layout supports efficient freight movement and storage, catering to companies requiring scalable space for inventory management or light assembly processes. Investors seeking to bolster their portfolios in the Midwest industrial corridor will find this asset well-positioned for long-term utility in a stable submarket. Its design facilitates smooth operational throughput, aligning with the requirements of modern distribution tenants looking for proximity to major transportation arteries.

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NOI
$80,000
Cap Rate
1.15%
DSCR
0.19
Underwater
Cash-on-Cash
-15.95%
Monthly Payment
$34,384.808
Annual Cash Flow
$-332,617.695

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