Catylist ID:
#30762815
| Catylist Listing ID: | 30762815 |
| Property Subtypes: | Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution |
| Building Size (RSF): | 6,500 SF |
| Gross Land Area: | 0.65 Acres |
| Sale Price: | $744,000 |
| Unit Price: | $114.46 PSF |
| Ceiling: | 22 ft. |
| Docks/Doors: | 1 Dock, 1 Door |
| Office SF: | 1,000 SF |
| Drive In Bays: | 1 Bay |
| Property Use Type: | Net Leased Investment (NNN), Investment, Business |
| Usable Size (USF): | 6,500 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.0% |
| Last Updated: | 5/15/2023 |
Overview / Comments
|
Located on the West side of Evansville near Mead Johnson, Berry Plastics and within 20 minutes to SABIC, Bristol Myers, AstraZeneca & B&W. September 2021 Renovations: NEW HVAC system to supply all office, conference and breakroom areas. NEW Sherwin-Williams carpeting throughout offices. NEW Sherwin-Williams paint on walls throughout offices and H/C restrooms. NEW Sherwin-Williams paint on doors and trim throughout offices & restrooms. NEW Conference room added, with other modifications to floor plan. TENANT IS A PUBLICLY TRADED COMPANY. |
Current Tenants
| Tenant Business Name | MasTec, Inc. |
| Website URL | https://www.mastec.com/ |
| Industry Type | Utilities |
| Is Renting? | Yes |
| Employees Total | 22,000 |
| Year Founded | 1929 |
| SF of Space Occupied | 6,500 SF |
| Current Rent | $8 PSF (Annual) |
| Lease Expiration | 10/2026 |
| Escalations | Every 5 Years |
| Options | (1) 5 Year option with a 5% increase |
| Tenant Notes | Publicly Traded Co. *MasTec, Inc. is a leading national infrastructure construction company operating mainly throughout the United States across a range of industries. The Company’s activities include the building, installation, maintenance and upgrade of energy, communication and utility infrastructure, including but not limited to: electrical utility transmission and distribution, wind farms, solar farms, other renewable energy, natural gas and petroleum pipeline infrastructure, wireless, wireline, satellite communication, industrial infrastructure and water and sewer systems. MasTec’s customers are in the following industries: utilities (including wind farms, solar farms and other renewable energy, natural gas gathering systems and pipeline infrastructure), communications (including wired and wireless telephony and satellite television) and government (including water, sewer and other utility and communications work on military bases). |
Additional Details
| Nearest MSA: | Evansville |
| County: | Vanderburgh |
| Taxing Authority: | Vanderburgh County |
| Tax ID/APN: | 82-05-26-018-207.012-025 |
| Zoning: | MANUFACTURING |
| Property Located Between: | South Barker and South Tekoppel |
| Highway Access: | Ray Becker Parkway to HWY 62, which takes you to I-69 or HWY 41 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 2004 |
| Year Renovated: | 2021 |
| Roof Type: | Gable |
| Construction/Siding: | Steel Frame |
| Parking Type: | Surface |
| Column Spacing: | Clear Span |
| Overhead Cranes: | Undisclosed |
| Sprinklers: | None |
| X-Phase: | 3 |
| Zoning Description: | Manufacturing |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,462 | 36,948 | 96,602 |
| Median Age: | 33.27 | 37.53 | 36.98 |
| Households: | 4,194 | 16,268 | 38,889 |
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