Three Tenant Warehouse Investment Property

Industrial for Sale
Catylist Listing ID: 30021016
Property Subtypes: Industrial-Business Park
Building Size (RSF): 61,587 SF
Gross Land Area: 4.22 Acres
Sale Price: $5,023,000
Unit Price: $81.56 PSF
Ceiling: 24 ft.
Docks/Doors: 3 Docks
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 10/2/2017

Overview / Comments

Three Tenant Warehouse building located in Bluegrass Industrial Park.

Tenants: Pharmerica, Vivid Impact and Visual Image Systems.

Net Operating Income: $407,707

Built in 1996, tilt up construction, & 24' ceilings.

New roof installed in 2011.

Current Tenants

Tenant Business Name Pharmerica
SF of Space Occupied 22,724 SF
Current Rent $19,769 PSF (Annual)
Tenant Business Name Vivid Impact
SF of Space Occupied 24,000 SF
Current Rent $9,000 PSF (Annual)
Tenant Business Name Visual Image Systems
SF of Space Occupied 14,863 SF
Current Rent $7,432 PSF (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 003905300000
Zoning: PEC - Planned Employment Center District
Property Located Between: Blankenbaker Parkway and Tucker Station Road
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 61,587 SF
Property Condition: Excellent
Year Built: 1996
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Total Parking Spaces: 176
Eave Height: 24
Sprinklers: Dry
Amps: 277
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent, Metal Halide
Internet Access: T1/T3
Zoning Description: PEC
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: I&R Partners

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,148 56,036 153,511
Median Age: 38.27 40.73 39.98
Households: 953 22,772 63,721
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