Story by IPB Industrial
February 20, 2025
Brian Semling, an experienced investor from Wisconsin, continues to strengthen his foothold in the industrial property market with the acquisition of a 12,000-square-foot building in Richmond, Indiana. Known for his success in identifying high-potential properties in Indiana and Ohio, Semling has delivered consistent results over the past few years and sees this latest purchase as a prime opportunity to contribute to the region’s industrial growth. This strategic purchase comes at a time when the availability of industrial properties is notably scarce, underscoring Brian’s adeptness in seizing timely investment opportunities.
This property, located conveniently along the 1-70 corridor, boasts an impressive seven loading docks-a standout feature for a 12,000-square-foot building. This infrastructure opened opportunities for Semling for a variety of tenants, from local contractors to distributors. The proximity to major cities like Indianapolis and Dayton further enhances the building’s market appeal, making it a strategic location for businesses seeking efficient logistics and transportation networks.
Semling plans to invest approximately $40,000 to $50,000 in renovations, including upgrading to energy-efficient LED lighting, reconfiguring office space to create additional warehouse capacity, and applying fresh paint to revitalize the property’s appearance. “Our goal is to give this building a fresh look and make it a valuable asset for the right tenant,” said Semling. “We want to see it put back to use, providing jobs and supporting the local economy.”
Conrad Echemann with Industrial Property Brokers is marketing the facility and commented, “The property is a good option for users that need a stand along building with great distribution or manufacturing features”
Richmond’s market potential and strategic location were key drivers in Semling’s decision to invest. The city’s robust industrial base, skilled workforce, and business-friendly environment make it an attractive market for industrial development. “Indiana and Ohio have strong supply and demand dynamics, making them exciting markets for industrial real estate,” he said.
Once renovations are complete, Semling plans to lease the property to a tenant who can maximize its potential. Future acquisitions in Indiana and Ohio are also on the horizon as Semling continues to seek out industrial properties with strong growth prospects. “We’re always looking for opportunities to redevelop and lease properties that can make a positive impact on the community,” he added.
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