First St, 1137 & 1156 / #2287

Industrial for Sale
Catylist Listing ID: 30172018
Property Subtypes: Flex Space, Warehouse/Distribution
Building Size (RSF): 101,251 SF
Gross Building Area: See Agent
Gross Land Area: 5.66 Acres
Sale Price: $1,150,000
Unit Price: $11.36 PSF
Docks/Doors: 9 Docks
Drive In Bays: 4 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/15/2017

Overview / Comments

Rare opportunity to own over 100,000 SF of warehouse in Henderson KY. Property consists of 4 buildings as follows: 5760 SF steel built building with wet sprinkler, 20,582 SF with dry system, 54,967 SF with dry system and a 19,932 SF with dry system. All buildings have loading docks. The property at 1137 First Street had a rail spur that could be re-connected. Current owner is Western Kentucky Trucking which operates the property as a warehouser and would be willing to stay and lease back the portion of the property they occupy and continue to operate the warehousing business for an additional 2 years. The property is currently fully leased with warehousing clients that WKT services. 3 leases are month to month with a tenancy of 10-15 years. 1 lease just renewed for 2 years. Financial information is available should you desire to continue operating the property as a warehousing business.

Contact listing agent to schedule an appointment to show.

Additional Details

Nearest MSA: Evansville
County: Henderson
Tax ID/APN: 2-17-3-2/19230, 2-17-2-9/19229, 2-17-3-63/19231, 2-17-3-62/23253
Zoning: INDUSTRIAL/COMMERCIAL
Rail Access: Yes
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Average
Sprinklers: Dry
Amps: 440
X-Phase: 3
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,169 22,875 34,280
Median Age: 38.12 38.77 39.7
Households: 2,875 9,665 14,227
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