Catylist ID:
#30816076
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: | 5/18/2023 |
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 |
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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