Industrial Investment / #2334

Industrial for Sale
Catylist Listing ID: 30510554
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Warehouse/Distribution, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.86 Acres
Sale Price: $780,000
Unit Price: $65 PSF
Ceiling: 18 ft.
Docks/Doors: 1 Dock, 1 Door
Office SF: 1,200 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Würth Snider Facility
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 11/15/2019

Overview / Comments

❖ Currently leased to Würth Snider until 02/28/2021. Würth Snider is a world market leader in the trade of assembly and fastening materials

❖ Strategically located in proximity to Evansville Regional Airport with close access to US 41

❖ Well-maintained facility on cul-de-sac setting

❖ Extra lot for expansion purposes

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,321 (Annual)
Potential Rental Income $62,700 (Annual)
Net Operating Income $62,700 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-10-034-349.005-020
Zoning: M-1
Highway Access: US 41; I-64; SR 66; SR 62
Airports: Evansville Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1999
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Block, Metal Siding, Steel Frame
Eave Height: 16
Overhead Cranes: Undisclosed
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Drainage
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,575 51,952 140,560
Median Age: 40.9 39.81 38.77
Households: 1,456 22,321 59,128
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