2434 Kotter Ave

Industrial for Sale
Sale Pending
Catylist Listing ID: 30732552
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution, Other
Status: Pending
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.71 Acres
Sale Price: $490,000
Unit Price: $81.67 PSF
Ceiling: 20 ft.
Docks/Doors: 2 Doors
Drive In Bays: 2 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 6/18/2021

Overview / Comments

8% CAP - YEAR 1
New 7 year NNN lease with 3% increase yearly; starts at $3,285.00/Mo. Great east side location. Tenant: Nelbud Services Group, Inc., www.nelbud.com. 17 locations. Lease and LOMA on file. Exceptional build-out. 3 bathrooms. Exceptional Tenant.

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-13-014-194.006-027
Zoning: M-1
Airports: Evansville Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Construction/Siding: Steel Frame
Parking Type: Surface
Total Parking Spaces: 30
Overhead Cranes: Undisclosed
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,457 56,506 142,438
Median Age: 40.71 38.77 38.33
Households: 3,531 24,778 59,296


Photograph of Listing Agent

Kenneth M. Newcomb, Jr.

F.C. Tucker Commercial ICREX Member
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