Marengo Warehouse & Distribution Center
Industrial
for Sale
| Catylist Listing ID: |
30815655 |
| Property Subtypes: |
Cold Storage, Food Processing, Warehouse/Distribution
|
| Building Size (RSF): |
1,300,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
296 Acres
|
| Sale Price: |
$26,000,000 |
| Unit Price: |
$20 PSF |
| Ceiling: |
26 ft. |
| Docks/Doors: |
72 Doors |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/2/2023 |
Overview / Comments
|
Opportunity Knocks !! Marengo Warehouse and Distribution center includes 270 ac +/- in which 58 ac has been developed underground into 13 individual warehouses which average 100,000 sqft each. Four of the warehouses are freezer units that are used for frozen foods. Some of the storage facilities are dehumidified as well. There are several other income streams for this property including a home and phone tower lease. Some of the benefits of having the storage underground are no heating or cooling bills since this stays between 55 and 58 degrees year round. No maintenance on roofs and exterior etc. This business operates both 3PL and Gross lease. Several government and state contracts are included in this sale of the property and business. Please reach out for more details and videos of the facility. This is a solid business that has been operating for 30 years with so much room for expansion as well as mineral rights for the remaining limestone quarry. Located in the heart of the Midwest just minutes from I-64 and less than 45 minutes from Louisville, Kentucky and close to several larger cities (St. Louis, Cincinnati, Indianapolis, Evansville, Lexington, Nashville, Chicago, Detroit). The property has a 50 car rail spur on site but would need to be improved prior to being used
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Crawford |
| Tax ID/APN: |
130806300234000007 |
| Zoning: |
COMMERCIAL |
| Rail Access: |
Yes |
| Total Number of Buildings: |
13 |
| Parking Type: |
Other |
| Parking Description: |
Above Ground |
| Legal Description: |
See Exhibit A in attached docs |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,730 |
5,049 |
| Median Age: |
39.66 |
40.63 |
| Households: |
1,116 |
2,034 |
|
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The information presented herein is provided as is, without warranty of any kind.
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