Office for Sale
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

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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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