2477 S Crabtree Drive is an industrial property for lease in Princeton, IN.
Subject is a Flex/Industrial development portfolio that has been developed since 1998. Strategically centered around Toyota's second largest manufacturing plant in the United States it benefits from the plants continuous growth and profitability. The property has since continued to see increased demand. This is evident by the most recent additions of approximately 110,000 and 44,000 sf to the existing build to suit for Toyota which was originally 210,000 sf. Buildings 1-8 are developed as a park, with buildings 9 & 10 being located nearby. Approximately 88% of the space is leased to Toyota or an affiliated business. The balance is largely comprised or suppliers and vendors. Most recently Toyota secured a 5 year lease on the largest building of 363,830 for the continued growth of their distribution. Seller would have an interest in staying on in a management role for a new buyer.
• 100% leased - 88% to Investment grade tenant
• History of strong growth & occupancy with long term tenant
• Seller and current management available to stay in place for Buyer
• Modern Construction & Design
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