18,900 sf / 4.2178 ac Site Multi-Tenant Truck Terminal

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30654666
Property Subtypes: Truck Terminal
Status: Pending/Contingent
Building Size (RSF): 18,900 SF
Gross Building Area: See Agent
Gross Land Area: 4.22 Acres
Sale Price: $950,000
Unit Price: $50.26 PSF
Docks/Doors: 45 Docks
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2020

Overview / Comments

Multi-tenant truck terminal:
Costco leases 9,600 sf which includes 777 sf of office space and 26 dock doors; lease expires 04-30-22 with a 3 year renewal option; $4,318.83 monthly lease amount
Total Services leases 9,300 sf which includes 1,245 sf office space and 19 dock doors; lease expires 12-31-21 (tenant since 12-28-07); $3,600 monthly lease amount
31 truck parking spaces lease for $125 per month; 27 currently leased = $3,375 monthly
Total current monthly lease amount = $11,293.83 x 12 = $135,525.96 annual
2019 income tax return shows $79,928 NOI
Tenants pay 90% of water/sewer + all of their individual LG&E bills
Landlord pays 10% of waters/sewer + all other expenses
Drainage fee is approx. $1,496.33 every other month
45 - 9'x9' dock-height doors
Good access to I-264 via Hikes Lane.
All measurements and sizes are estimated and not guaranteed.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 061000090000
Zoning: M-1 - Industrial District
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1962
Roof Type: Gable
Construction/Siding: Metal Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,369 118,933 292,535
Median Age: 37.21 38.42 38.29
Households: 5,217 51,969 129,647
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