Historical Industrial Sale Listing - Coast Distribution

Industrial For Sale

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Coast Distribution

3002 Coast Ct., Elkhart, IN 46514

N/A

110,400 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
110,400 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
8.75%
Tenancy:
Single
Clear Ceiling Height:
24 ft.
Dock-High Doors/Loading:
17
Drive In/Grade-Level Doors:
1
Lot Size:
6.41 AC
Listing ID
15377823
Last Updated
over 1 year ago

Highlights

  • New 10-Year Net Lease
  • Attractive Assumable Financing - 10.31% Cash-on-Cash Yield
  • Recently Rehabilitated
  • Excellent Access to Transport

Description

The Coast Distribution System, Inc. (NYSE: CRV ), is a leading provider of accessories, replacement parts and supplies for recreational vehicles and a leading distributor of boating and marine accessories and parts. It distributes more than 14,000 products, such as appliances, awnings, boat covers, life jackets and trailer hitches, to more than 12,000 customers, primarily RV and boat dealerships, supply stores and service centers via 19 warehouses in the United States and Canada. For fiscal year ended December 2006, CRV reported sales of over $179.1 million, net income of $3.0 million and total equity of $31.9 million.

The site is located 20 miles east of South Bend with direct access to Exit 92 off the Indiana State Toll Road (Interstates 80 and 90). Its close proximity to the Interstate makes it an ideal location for a distribution facility. The property is four miles from Elkhart City Airport, six miles from Conrail' s Robert Young Yards and 25 miles from South Bend Regional Airport. Other distribution centers and manufacturers in the vicinity include Continental Industries, B & B Machinery and Sunpro. The property is only a quarter mile from one of Eklhart' s main retail corridors that includes a Wal-Mart Supercenter, Menards, K-Mart, CVS, and numerous restaurants.

Map of 3002 Coast Ct., Elkhart, IN 46514 (Elkhart County)

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