Investment property - 3 buildings + lot - Maxwell Avenue

Industrial for Sale
Catylist Listing ID: 30844213
Property Subtypes: Cold Storage, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 15,600 SF
Gross Land Area: 1.17 Acres
Sale Price: $835,000
Unit Price: $53.53 PSF
Ceiling: 18 ft.
Drive In Bays: 5 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.3%
Last Updated: 5/26/2023

Overview / Comments

3-building complex located centrally in Evansville, IN
Net Operating Income is $69,310
$835,000 asking price is based on an 8.30% CAP rate
Great office warehouse complex featuring high quality construction
Total building area is 15,600 SF which includes approximately 7,600 SF of finished office space and 8,000 SF of warehouse space.
Situated on a +/- 1.17 acrea, C-4 zoned lot with paved parking for approximately 40 vehicles
Each of the three buildings have separately metered gas and electric service
Parcel IDs: 82-06-17-031-095.004-029, 82-06-17-031-095.009-029 and 82-06-17-031-095.010-029
Total property taxes: $20,683
Two of the three buildings are currently leased
Additional Financial and Lease information furnished upon execution of a Confidentiality Agreement

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-17-031-095.004-029, 82-06-17-031-095.009-029, 82-06-17-031-095.010-029
Zoning: C-4
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Parking Description: Paved parking
Total Parking Spaces: 40
Overhead Cranes: Undisclosed
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,481 88,315 149,346
Median Age: 37.52 38.03 38.16
Households: 5,861 36,792 63,405


Photograph of Listing Agent

Mike Richardson, CCIM

Richardson Commercial ICREX Member
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