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: 11/21/2023

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

View FullscreenMap

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
© Copyright 2001-2023 Moody's. All Rights Reserved. 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.