Investment Property Office/Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30172971
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Mixed Use, Light Industrial, Net Leased, Office Showroom
Status: Pending
Building Size (RSF): 9,445 SF
Gross Land Area: 0.58 Acres
Sale Price: $571,000
Unit Price: $60.46 PSF
Docks/Doors: 2 Doors
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2017

Overview / Comments

This is an opportunity to own a well maintained investment property in a centrally located industrial area of Louisville. The property offers 9,445 square feet of office/warehouse space, recently renovated (2016) and situated on 0.58 acres zoned M-2 Industrial.

There are two tenants that currently occupy the property - (1) 5,462 square feet office warehouse (2) 3,983 office warehouse. Both are on a 5-year lease -both leases expire in 2022. Current annual rental income is $52,212 - applicable yearly escalators. Tenants pay pro-rata share of utilities and $0.65/psf for taxes and insurance.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 061600950000
Zoning: M-2 - Industrial District
Highway Access: Interstate 264 within one mile.
Site Description: Level site, paved
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1964
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Aluminum Siding, Block, Concrete
Parking Type: Surface
Parking Description: paved/lined
Total Parking Spaces: 22
Zoning Description: M-2 Industrial
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,788 96,482 306,675
Median Age: 33.79 37.18 37.25
Households: 3,198 41,468 134,030
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