Strawberry Lane Industrial Building

Industrial for Sale
Catylist Listing ID: 30208881
Property Subtypes: Free-Standing, Mixed Use, Light Industrial
Building Size (RSF): 11,288 SF
Gross Land Area: 0.48 Acres
Sale Price: $325,000
Unit Price: $28.79 PSF
Ceiling: 12 ft.
Office SF: 1,000 SF
Drive In Bays: 4 Bays
Property Use Type: Investment
Usable Size (USF): 11,288 SF
Sale Terms: Purchase Money Mortgage
Cap Rate: 7.1%
Average Occupancy Rate: 100
Last Updated: 11/6/2018

Overview / Comments

The listing consist of two buildings with a total of 11,288 SF and 12' ceilings. There is about 1,000 SF of office in the building with 8,012 SF, one (1) over head door and two (2) restrooms.

The smaller building consist of 3,276 SF, a 12' ceiling and three (3) over head doors.
The property is 100% leased with month to month tenants.


Finance Data Year 2018
Real Estate Taxes - Annual($) $2,483 (Annual)
Tax Value Land $39,890
Tax Value Improvements $208,450
Assessed Value - Total($) $248,340 (Annual)
Gross Operating Income $32,820 (Annual)
Net Operating Income $24,848 (Annual)
Actual or Proforma Year Actual
Lender Name 0
Loan Amount $0
Annual Debt Service $0 (Annual)

Current Tenants

Annual Revenue $32,820 (Annual)
SF of Space Occupied 100 SF
Current Rent $32,820 PSF (Annual)
Is Renting? Yes
SF of Space Occupied 11,288 SF
Current Rent $32,820 PSF (Annual)
Tenant Notes Three (3) tenants in the building are on Month to Month leases. Tenants will leave or remain depending on what the new Buyer wishes to do with the property.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: EZ-1 - Enterprise Zone District
Property Located Between: Almond and Eiler Avenue
Highway Access: About three (3) miles South of Watterson Express-way and 4 miles West of I-65.
Airports: Louisville International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 11,288 SF
Property Condition: Average
Year Built: 1957
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete block
Parking Type: Surface
Total Parking Spaces: 12
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Interior Description: About 1,000 SF of office space and two (2) restrooms.
Zoning Description: EZ-1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,268 105,209 297,235
Median Age: 35.38 35.88 36.7
Households: 5,122 43,002 126,436


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