Sale-Leaseback Opportunity

Industrial for Sale
Sale Pending
Catylist Listing ID: 30749661
Property Subtypes: Manufacturing, Net Leased
Status: Pending
Building Size (RSF): 87,776 SF
Gross Land Area: 9.74 Acres
Sale Price: $6,300,000
Unit Price: $71.77 PSF
Docks/Doors: 5 Docks
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Sale/Leaseback
Cap Rate: 6.88%
Last Updated: 10/15/2021

Overview / Comments

We are pleased to offer the opportunity to acquire 566 Kentucky Street. Totaling 87,776 square feet, the Property offers the opportunity to acquire a fully leased, single tenant, brand new, headquarters manufacturing facility in Shelbyville, KY.

The Seller, will enter a ten-year leaseback agreement that will provide buyers stable investment returns with few landlord responsibilities. The brand new, Class A property was constructed and delivered in Q1 2021 and features 5 loading docks, 5 ton interior overhead crane, 22 foot clear heights, 2000 amp power, and additional land for parking expansion. This property is strategically located in the "Golden Triangle" situated between Louisville and Lexington in Shelby County, within 600 miles of two thirds of the U.S. population. Shelby County is a proven manufacturing sector and home to a diverse group of industries. From aerospace to plastic parts, saw blades to seats; truck frames to food packaging; and Bourbon. Combined with the long-term, triple-net leaseback, the Property offers a compelling investment opportunity.

Financials

Finance Data Year 2021
Potential Rental Income $433,613 (Annual)
Net Operating Income $433,613 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: S7-01-023
Zoning: I-1 - Industrial - Light
Property Located Between: Lexington and Louisville
Highway Access: I-64, I-71, I-65 and I-75
Airports: 30 miles from Louisville International Airport
Area Description: This property is strategically located in the Golden Triangle between Louisville and Lexington in Shelby County. Shelbyville offers the convenience of easy access to I-64, I-71, I-65 and I-75. Located within 600 miles (about a day's drive) of two-thirds of the U.S. population. 30 minutes to the UPS Worldport, the largest automated package handling facility in the world. Also 30 minutes to Louisville International Airport. Shelby County is also home to a diverse group of industries. From aerospace to plastic parts, saw blades to seats; truck frames to food packaging; and Bourbon. The Diverse Industries include- Fauricia, Voestalpine Roll Forming Corporation, Bulleit Distilling Co, Purnell Sausage, Amcor, and Nifco.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2021
Construction/Siding: Steel Frame
Parking Type: Surface
Eave Height: 22
Overhead Cranes: 1
Sprinklers: Wet
Amps: 2,000
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Lighting: LED
Zoning Description: I-1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,986 17,048 22,858
Median Age: 32.01 33.77 36.01
Households: 3,315 6,303 8,441

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.