Cane Run Road
Industrial
for Sale
| Catylist Listing ID: |
30840131 |
| Property Subtypes: |
Cold Storage, Food Processing
|
| Building Size (RSF): |
39,762 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,900,000 |
| Unit Price: |
$123.23 PSF |
| Docks/Doors: |
14 Docks |
| Office SF: |
5,000 SF |
| Drive In Bays: |
1 Bay |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/15/2023 |
Overview / Comments
|
The property is under a triple net lease. The lease is $35,000 monthly. It is presently being used for cold storage and food processing. The lessee is willing to sign a long term lease.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
281101430000 |
| Zoning: |
EZ-1 - Enterprise Zone District |
| Property Located Between: |
1008 Cane Run Road |
| Highway Access: |
Cane Run |
| Airports: |
SDF |
| Site Description: |
Improved with a 39,762 sq. ft. cold storage building constructed in 1997 and renovated in 2012. The facility features 33,693 ft. of cold storage space utilizing an ammonia refrigeration system and consisting of two "extreme" freezers with the capability of temperature as low as -35 degrees. Over 6000 feet of |
| Area Description: |
Industrial buildings all throughout the Cane Run area |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
15 |
| Typical SF / Floor: |
39,762 SF |
| Property Condition: |
Good |
| Year Built: |
1997 |
| Year Renovated: |
2012 |
| Roof Type: |
Arched |
| Construction/Siding: |
Metal Siding |
| Parking Type: |
Surface |
| Parking Description: |
Concrete and asphalt parking |
| Total Parking Spaces: |
80 |
| Sprinklers: |
Wet |
| Amps: |
2,000 |
| X-Phase: |
3 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Zoning Description: |
Enterprise Zone EZ-1 |
| Lot Frontage: |
650 + |
| Lot Depth: |
400 + |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,408 |
51,852 |
105,658 |
| Median Age: |
35.12 |
38.12 |
38.79 |
| Households: |
1,248 |
20,236 |
41,959 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
|
