Investment Opportunity off Old Boonville Highway

Industrial for Sale
Sale Pending
Catylist Listing ID: 30728934
Property Subtypes: Warehouse/Distribution
Status: Pending
Building Size (RSF): 11,256 SF
Gross Building Area: See Agent
Gross Land Area: 1.86 Acres
Sale Price: $550,000
Unit Price: $48.86 PSF
Ceiling: 27 ft.
Drive In Bays: 5 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 11,256 SF
Sale Terms: Cash to Seller
Cap Rate: 7.16%
Last Updated: 6/29/2022

Overview / Comments

4 12' Overhead Doors

1 14' Overhead Door

2 Mezzanines

Heated facility

New 2021 Roof
Larger section of building measures 21'5" (bottom truss)
Smaller section of building measures 14'10" (bottom truss)

Secured fully fenced facility sitting on paved lot.

Taxes: $7,922 (2020)

Cap Rate: 7.88%

Gross Operating Income: $56,896

Net Operating Income: $39,396

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-13-017-158.012-027
Zoning: M-1
Tenancy: Single Tenant
Column Spacing: Free span
Overhead Cranes: Undisclosed
X-Phase: 3
Heat Type: Electricity
Zoning Description: Light Industrial District (M-1)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,672 59,438 138,660
Median Age: 40.05 38.57 38.39
Households: 3,609 26,037 57,992
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