investment - 2 tenant, Multi building

Industrial for Sale
Catylist Listing ID: 30851380
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 12,800 SF
Gross Land Area: 1 Acre
Sale Price: $1,450,000
Unit Price: $113.28 PSF
Docks/Doors: 7 Doors
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2023

Overview / Comments

Great location with a well maintained building and a large fenced in parking area, 2 long term tenants that love the area. The owner has spent a large amount of money on this property to include improvements and expansions. Current gross rents are 123K.


Finance Data Year 2023
Real Estate Taxes - Annual($) $7,787 (Annual)
Tax Value Land $169,400
Tax Value Improvements $92,100
Assessed Value - Total($) $261,500 (Annual)
Gross Operating Income $123,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: 010
Tax ID/APN: 102101100143000010
Property Located Between: I 65 and 265
Highway Access: 10th St is a high traffic 4 lane rd, traveling between I 65 to I 265 through Jeffersonville
Airports: Clark and SDF Louisville Ky
Site Description: Surrounded by multiple types of bushiness, local and national brands
Area Description: Fast growing area near regional development of RIVER RIDGE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 11,520 SF
Property Condition: Excellent
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal roof and siding, wood structure
Parking Type: Surface
Parking Description: Paved
Total Parking Spaces: 36
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Well maintained building with tenants that care for the property
Zoning Description: C1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Elm Properties LLC
Legal Description: WOODLAND CT PT LOTS 7-8 & 18

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,868 61,778 203,574
Median Age: 38.25 39.29 38.35
Households: 4,601 26,848 88,438
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