Kotter Ave, 2121 / # 2283

Industrial for Sale
Catylist Listing ID: 30148641
Property Subtypes: Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 10,300 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $65.53 PSF
Ceiling: 14 ft.
Docks/Doors: 1 Dock, 1 Door
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

Great east-side warehouse/distribution property located off Old Boonville Hwy. Two tenant building.

- 4800 SF of warehouse is currently available.
- 5600 SF is leased for 3 years ( June 1, 2018 - May 31, 2021 ) on a NNN lease with an annual lease income of $29,400

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $10,016 (Annual)
Tax Value Land $98,800
Tax Value Improvements $215,800
Potential Rental Income $53,100 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-13-014-195.007-027
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,300 SF
Property Condition: Excellent
Year Built: 1999
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: None
Zoning Description: M1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,886 55,250 141,790
Median Age: 38.16 38.61 38.27
Households: 4,273 24,317 59,054
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