Catylist ID:
#30705212
| Catylist Listing ID: | 30705212 |
| Property Subtypes: | Flex Space |
| Building Size (RSF): | 21,614 SF |
| Gross Land Area: | 3.27 Acres |
| Sale Price: | $1,300,000 |
| Unit Price: | $60.15 PSF |
| Office SF: | 3,454 SF |
| Drive In Bays: | 2 Bays |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Class of Space: | Class C |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.85% |
| Last Updated: | 2/17/2021 |
Overview / Comments
|
The Property is leased through 2/3/2025 with Five (5), Five (5) year options to renew on a NNN Lease basis. Lessor is responsible for structures. The site consist of three buildings. One is a story and a half with a total of 16,404 SF, with about 1,920 SF of office on the first floor and about 1,536 SF on the second floor. The other buildings are about 4,214 SF and one is about 10,000 SF. The warehouse in the large building has a furnace for heat only. The two smaller buildings have heat only as well. There are seven 25,000 gallon, above ground tanks that are used for storage of waste oil. A Phase 1 and Phase 2 Environmental Site Assessment were completed in 2019 and 2020. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Shelby |
| Tax ID/APN: | S10-36-008 |
| Zoning: | I-1 - Industrial - Light |
| Property Located Between: | Midland Trail and Goodman Avenue. |
| Property Visibility: | Good |
| Highway Access: | About 2 miles North of I-64 |
| Airports: | Louisville International Airport |
| Site Description: | The site consist of Three (3) buildings, a three sided building for equipment and Seven 25,000 gallon storage tanks. |
| Area Description: | The property is located in the South side of Shelbyville in a Industrial area. |
| Total Number of Buildings: | 3 |
| Number of Stories: | 1 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Exterior Description: | One concrete block building, two steel buildings and a frame three sided building. |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central, Ceiling Units |
| Air Conditioning: | Package Unit |
| Internet Access: | Other |
| Interior Description: | The 1,920 SF of office space consist of reception area, five offices, 2 conference rooms, break area and two restrooms. The warehouse consist of 1 office, 1 training room, and 1 restroom with the balance of the area as warehouse. |
| Zoning Description: | I-1 Light Industrial |
| Lot Frontage: | 150' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,827 | 16,641 | 22,858 |
| Median Age: | 36.21 | 34.23 | 36.01 |
| Households: | 1,792 | 6,102 | 8,441 |
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