Fern Creek Business Park - For Sale

Industrial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 29926062
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 17,900 SF
Gross Land Area: 1.40 Acres
Sale Price: $1,290,000
Unit Price: $72.07 PSF
Ceiling: 16 ft. / 14 ft. Clear
Docks/Doors: 16 Doors
Drive In Bays: 16 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Fern Creek Business Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2018

Overview / Comments

Long term tenants. See attached plat for building(s) layout. Excellent location off Bardstown Road - approx. 1/2 mile north of the I-265 (Gene Snyder Freeway). Developed and built between 2000-2001. Superior quality with very low maintenance. Restrooms handicapped equipped and accessible. Land is approx. 1.4 acres and there are five (5) masonry constructed structures (CMU 2HR Rated Walls), and two (2) fenced/locked storage yards with lighted common areas. Totally fenced for security. Attractive and well cared for facility.

Two (2) Office Fronts consist of two - 800 sq. ft.
One (1)office consist of 1600 sq. ft. - back of office(s) have two (2) 8' overhead garage doors.

All back units/warehouses have 12x12 Over Head Doors and man door
Three 1200 sq. ft. units are shells and one 900 sq. ft. is a shell,
All other units have 100 amp service, flourscent lighting, 100,000 BTU cceiling hung furnace, 110 recpticles (some w/ 220), bathroom, water heater.
Some units have framed offices within the structure w/ zoneline HVAC units.

BUILDING #1 - 9222 Storage Way - (stand alone) 1122 sq. ft., w/ 100 amp service, 100,000 BTU ceiling hung furnace, water heater, toilet and sink.

BUILDING #2 - (900 sq. ft. units) 9226, 9230, 9234, 9238, 9242 Storage Way
Units Measure 30 x 30 x 5 = 4,500 sq. ft.

BUILDING #3 - 9248 & 9252 Storage Way (currently used by owners, Commercial Masonry Contractors) Measures 51 x 60 = 3060 sq. ft. Gated yards on both sides of these buildings, extensive shelving, office built within unit w/ zoneline HVAC, furnace in warehouses, three (3) 12x12 OHD's - (one leading to yard for storage).

BUILDING #4 - (1200 sq. ft. units) 9272, 9268, 9264, 9260, 9256 Storage Way
Units measure 30 x 40 x 5 = 6,000 sq. ft

BUILDING #5 - OFFICE FRONTS (2-800 sq. ft. off.) (1-1600 sq. ft. office).
Measure 20 x 40 x 4 = 3,200 sq. ft.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket/Township: 07 - Fern Creek / Hikes Point / Jeffersontown
Taxing Authority: Jefferson County
Tax ID/APN: 22-0050-0288-0000
Zoning: CM - Commercial Manufacturing
Market Type: Medium
Property Located Between: Gene Snyder Freeway and Fern Creek Rd. and Hurstbourne Ln.
Road Type: Paved
Transportation: Bus
Highway Access: 1/2 mile north of I-265, Gene Snyder, close to 65 and I-264
Site Description: 1.4 Acres, fully fenced and secure facility. Attractive and well cared for structures.
Area Description: Fern Creek area - one of fastest growing areas in Jefferson County for years. Very convenient location for tenants w/ Bardstown Rd., Gene Snyder Freeway, Hurstbourne Ln. access. Also service Mt. Washington, Bullitt County located approx. 5 miles south.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Excellent
Year Built: 2001
Construction/Siding: Block
Exterior Description: Attractive split-face block, CMU 2HR rated walls, metal roofing. Nice landscapping.
Parking Type: Structure, Surface
Parking Description: See attached plat
Total Parking Spaces: 45
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 100
X-Phase: single
Heat Type: Electricity, Hot Water
Heat Source: Central, Ceiling Units
Lighting: Fluorescent
Internet Access: DSL
Interior Description: various interiors -see details, comments
Zoning Description: CM - commercial manufacturing
Lot Frontage: 167
Lot Depth: L307, R388
Water Service: Municipal
Sewer Type: Storm
Easements: Electric Lines, Utilities, Other
Easements Description: Electric, telephone, sanitary sewer and drainage easements. MSD property service connections - yes. Streams = Yes (Per LOJIC Development Information)
Land Ownership: Owned
Legal Description: 9222 Storage Way, Louisville, Ky 40291 - Parced ID 005002880000, LRSN 1010735, Fire District 15, Book/Page 7386/0064, Zoning CM, Form District: Town Center, Plan Certain #09-095-99S, System Development District - C, FEMA Floodplan or review zone: NO, FEMA Firm Panel: 21111C00-7E (Per LOJIC Development Information).

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,981 78,815 190,288
Median Age: 34.79 38.19 38.15
Households: 4,543 31,345 77,702


Photograph of Listing Agent

Teresa M Logsdon

Liz Hudson Realty KCREA Member
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