Advance Properties; Advance Development

Industrial for Sale
Catylist Listing ID: 30184968
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 486,521 SF
Gross Land Area: 17.09 Acres
Sale Price: $6,515,000
Unit Price: $13.39 PSF
Ceiling: 27 ft. / 16 ft. Clear
Docks/Doors: 40 Docks
Office SF: 2,592 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: Advance Properties; Advance Development
Usable Size (USF): 486,521 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2018

Overview / Comments

Building 1: 292,526 SF, 2,592 SF office, 21 docks, 20 levelers, nine dock shields, eight interior docks, seven Norfolk Southern rail doors, 16' - 22' clear height, connected to Building 3.
Building 2: 91,970 SF, freestanding, nine docks, six levelers, five dock shields, 100% air-conditioned, 19' - 22' clear height.
Building 3: 102,025 SF, ten docks, ten levelers, ten dock shields, three Norfolk Southern rail doors, one 12' x 14' drive-in door, 27' -30' clear height.
All buildings are food grade with T-5 lights, fluorescent lights and good roofs.
The addresses are 1875 McCloskey Avenue and 1944 South 16th Street.
A cooperating real estate company may receive a 3% commission.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: City of Louisville
Tax ID/APN: 041H00070000; 041H00190000
Zoning: EZ-1 - Enterprise Zone District
Property Located Between: Algonquin Parkway Between McCloskey Avenue and South 16th Street
Highway Access: Two miles from I-264, five miles from I-65 and six miles from I-64.
Rail Access: Yes
Airports: Louisville International Airport and Bowman Field
Site Description: Building 1 was constructed in 1954 and 1957, Building 2 was constructed in 1967 and Building 3 was constructed in 1989.
Area Description: Park Hill industrial area.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 486,521 SF
Property Condition: Good
Year Built: 1954
Year Renovated: 1989
Roof Type: Other
Construction/Siding: Block, Brick, Concrete - Tilt up, Metal Siding
Exterior Description: Functional warehouses with an ample tractor trailer maneuvering area.
Parking Type: Surface
Parking Description: Paved and fenced.
Total Parking Spaces: 100
Column Spacing: 13' x 15', 19' x 24', 20' x 25', & 40' x 50'
Sprinklers: Dry
Amps: 600
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Interior Description: Clean, food grade buildings.
Zoning Description: EZ-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,053 148,743 279,082
Median Age: 34.55 35.32 36.43
Households: 7,198 62,341 119,511

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