NNN Leased Industrial Investment For Sale

Industrial for Sale
Catylist Listing ID: 30816076
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Research & Development
Building Size (RSF): 14,280 SF
Gross Land Area: 0.65 Acres
Sale Price: $1,350,000
Unit Price: $94.54 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Dock
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: None
Usable Size (USF): 14,280 SF
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 100
Last Updated: 12/1/2023

Overview / Comments

Net Leased, M-2 Zoned Facility For Sale. Currently, the tenant is an Air Quality Control business. In 2019, the building underwent an extensive remake. Included were the mechanics (HVAC Systems, Electric, Plumbing) and additional offices, conference rooms, labs and bathrooms. There are drive-in bays for vehicles, and one dock for offloading larger items.
The facility at 14,000 plus square feet can serve as a manufacturing, fabricating or perfect for research and development.
These uses and many more, if the current tenant were to vacate at the end of its tenancy. Meanwhile enjoy the 7.3% capitalization rate on your investment.
Available for inspections for serious inquirers are the lease and amended lease, and floor plans.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 820423002910001019
Zoning: M2
Airports: Evansville Regional Airport less than 3 miles away
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,349 19,655 55,223
Median Age: 35.72 39.29 40.73
Households: 841 7,427 22,363

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