Flex Space with Office/Shop/Warehouse

Industrial for Lease
Catylist Listing ID: 30458020
Property Subtypes: Flex Space, Free-Standing, Light Industrial
Contiguous Space: 2,000 - 11,531 SF
Building Size (RSF): 11,531 SF
Gross Land Area: 1.20 Acres
Lease Rate: $6 - 9 PSF (Annual)
Lease Types: Modified Gross
Office SF: 2,976 SF
Usable Size (USF): 11,531 SF
Last Updated: 7/15/2019

Overview / Comments

The site area is improved with two buildings. The front building is a one story, office building consisting of approximately 2,976 square feet of gross building area on a partially finished walk-out basement. According to the Jefferson County PVA, this building was originally constructed in 1988. The rear building is a one & two story, metal sided industrial manufacturing shop/warehouse building consisting of approximately 8,555 square feet of gross building area on a full concrete slab foundation.

The subject site area has two building improvements. The first improvement
is situated along the front of the site area and consists of a one story, masonry brick & aluminum sided administrative office building with a finished walk-out basement area. The walk-out basement area sits partially under the main level with approximately 1,716 square feet (the remaining 1,210 square feet is crawl space) and is fully finished with a kitchen/breakroom, common office/shop area, one office, and two storage rooms. Interior finish is with drywall walls/partitions, vinyl tile flooring, acoustical drip tile ceilings, and fluorescent
lighting. Overall, the front administrative office building improvements appear to be in average condition. According to the owner, recent updates include a new roof, HVAC, windows, and gutters/siding. The effective age of the building is estimated at fifteen years with a remaining economic life of approximately twenty-five years.

The second improvement consist of a two-story, steel frame, metal sided, industrial manufacturing/warehouse building. The first level of the building consists of approximately 4,000 square feet with a large shop area,
two offices, kitchen/breakroom, restroom, mechanical room, and clean room. The attached side area (former garage) consists of approximately 555 square feet primarily as shop space with a restroom. Interior finish includes drywall & glass partitioning, vinyl tile flooring, acoustical tile ceilings, and fluorescent lighting.

Expand All Available Space

Suite: 2205 Watterson Trail 11,531 SF $6 - 9 PSF (Annual) Modified Gross
Space Available: 11,531 SF
Minimum Divisible: 2,000 SF
Lease Rate: $6 - 9 PSF (Annual)
Lease Type: Modified Gross
Space Description: The site area is improved with two buildings. The front
building is a one story, office building consisting of
approximately 2,976 square feet of gross building area
on a partially finished walk-out basement. According to the Jefferson County PVA, this building was originally constructed in 1988. The rear building is a one & two story, metal sided industrial manufacturing shop/warehouse building consisting of approximately 8,555 square feet of gross building area on a full
concrete slab foundation.
Space Subcategory: Flex Space, Industrial-Business Park
Date Available: 7/12/2019
Lease Term: 36 Months
Space Type: Relet
Conference Rooms: 1
Offices 5
Kitchen Yes
Office Space 2,976 SF

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jeffersontown
Tax ID/APN: 003902090000
Zoning: M-1 - Industrial District
Property Located Between: Bluegrass Pkwy and Plantside Drive at Bunsen Way
Highway Access: Located on Watterson Trail in the Bluegrass Industrial Park with access to the Hurstbourne Corridor and I-64
Site Description: The subject site is an interior site located in the Southeast Submarket along Watterson Trail at its intersection with Bunsen Way and running between South Hurstbourne Parkway to the west and Blankenbaker Parkway to the east within the Bluegrass Research and Industrial Park in the Jeffersontown Market Area in Louisville, Kentucky. According to the Jefferson County PVA, the subject site contains approximately 1.2026 acres (52,385 square feet).
Area Description: The Bluegrass Research and Industrial Park is one of the larger planned industrial parks in the United States. The Bluegrass Industrial Park consists of manufacturing, distribution, and warehousing developments, with building types and uses ranging from 3,000 square foot office structures to industrial facilities with up to 150,000 square feet. The original park is estimated to be 90% to 95% absorbed, and therefore very few vacant land sales have occurred over the past several years.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Year Built: 1988
Year Renovated: 1998
Roof Type: Arched
Construction/Siding: Brick/Aluminum Siding
Exterior Description: The subject site area has two building improvements. The first improvement is situated along the front of the site area and consists of a one story, masonry brick & aluminum sided administrative office building with a finished walk-out basement area. The second improvement consist of a two-story, steel frame, metal sided, industrial manufacturing/warehouse building. Exterior construction is with masonry brick veneer and aluminum sided walls, fiberglass shingle roof, aluminum gutters/downspouts, and casement windows.The front administrative office building contains approximately 2,926 square feet of gross building area above grade on a partial walk-out basement with an additional 1,716 square feet of finished office/shop area. According to the Jefferson County PVA, the building was originally constructed in 1988.
Parking Type: Surface
Parking Description: Ample asphalt surface parking with additional land to expand.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Lighting: Fluorescent, Incandescent
Interior Description: Natural gas, electrical, city water, telephone, and sanitary sewer services are available to the subject site.
Zoning Description: M-1, Industrial District
Lot Frontage: 307 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,529 79,297 202,938
Median Age: 42.05 40.51 39.98
Households: 1,943 33,946 86,066
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