Fern Valley Industrial Investment Sale

Industrial for Sale
Catylist Listing ID: 30061094
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Research & Development
Building Size (RSF): 18,900 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $550,000
Unit Price: $29.10 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2017

Overview / Comments

Functional industrial building now for sale directly off Fern Valley Rd.

There are 2 buildings sitting next to each other on the 1.25+/- Acre property. The first building is 7,000 SF and is currently vacant. The 2nd building is 11,900 SF and it is currently leased. There are 2 years remaining on the initial lease term. The tenant pays $47,400 in annual rent plus utilities. The vacant building could make for a great owner occupant's space who might foresee 1) needing the adjacent currently leased building one day or 2) retaining a tenant next door for the income stream.

Please contact agent for additional details.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 209100500000
Zoning: PEC - Planned Employment Center District
Property Located Between: Fern Valley Rd and Shepherdsville Rd
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,269 94,195 238,313
Median Age: 33.65 37.21 37.86
Households: 5,627 37,972 98,904

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