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: |
$113.28 PSF |
| Docks/Doors: |
7 Doors |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/2/2023 |
Overview / Comments
|
Great location with a well maintained building and a large fenced in parking area, 2 long term tenants that love the area. The owner has spent a large amount of money on this property to include improvements and expansions. Current gross rents are 123K.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$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 |
| Zoning: |
C1, TIF INTER CITY, TIF JEFFERSONVILLE, JEFFERSONVILLE OVERLAY 10ST TRADTIONAL MARKETPLACE, |
| 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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
|
