Fern Valley Industrial Investment Sale

Industrial for Sale
Catylist Listing ID: 30061094
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Research & Development
Building Size (RSF): 18,900 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $550,000
Unit Price: $29.10 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

Functional industrial building now for sale directly off Fern Valley Rd.

There are 2 buildings sitting next to each other on the 1.25+/- Acre property. The first building is 7,000 SF and is currently vacant. The 2nd building is 11,900 SF and it is currently leased. There are 2 years remaining on the initial lease term. The tenant pays $47,400 in annual rent plus utilities. The vacant building could make for a great owner occupant's space who might foresee 1) needing the adjacent currently leased building one day or 2) retaining a tenant next door for the income stream.

Please contact agent for additional details.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 209100500000
Zoning: PEC - Planned Employment Center District
Property Located Between: Fern Valley Rd and Shepherdsville Rd
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,269 94,195 238,313
Median Age: 33.65 37.21 37.86
Households: 5,627 37,972 98,904
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.