OPPORTUNITY ZONE: Mercedes Benz Training Center

Industrial for Sale
Catylist Listing ID: 30643544
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Office Showroom, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 28,000 SF
Sale Price: $2,100,000
Unit Price: $75 PSF
Office SF: 8,000 SF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Mercedez Benz Educational Center
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 50
Last Updated: 5/22/2021

Overview / Comments

Buy the leased investment at a competitive cap rate and get 14,000 sf for free!

In the Opportunity Zone and perfect for an owner occupant that desires an income component with an extremely high caliber tenant that justifies the purchase price!

The Mercedes-Benz Training Center is a certified training and education facility hosted by Jefferson Community Technical College for the advancement of students seeking specialized certification on the maintenance of Mercedes-Benz vehicles.

Also, adjacent to the extended Waterfront Park and River Road developments, this exciting property is ripe for many other uses ranging for manufacturing, education, retail, housing or office spaces.

Please contact us for a tour!

Financials

Finance Data Year 2019
Net Operating Income $198,360 (Annual)

Current Tenants

Tenant Business Name Kentucky Community and Technical College System
Industry Type Education Services
Is Renting? Yes
Annual Revenue $198,360 (Annual)
SF of Space Occupied 11,600 SF
Tenant Business Name Kentucky Community and Technical College System
Industry Type Education Services
Is Renting? Yes
Annual Revenue $198,360 (Annual)
SF of Space Occupied 11,600 SF

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 015B00210000
Zoning: EZ-1 - Enterprise Zone District
Property Located Between: 11th & 12th Streets
Airports: Louisville International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 20,000 SF
Year Renovated: 2018
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,621 136,056 286,820
Median Age: 31.15 35.08 36.91
Households: 5,379 58,234 124,060
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