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INCOME PRODUCING FULLY LEASED WAREHOUSE 962 Neubling Ave 13,775 SF 100% Leased Industrial Building Evansville, IN 47713 $985,000 ($71.51/SF) 5.93% Cap Rate
Investment Highlights
- 3 Units Fully Leased
- Excellent location off I-69, S. Kentucky Ave and Hwy 41.
Executive Summary
INCOME PRODUCING
20,855 SF of Warehouse/Distribution space located off I-69, S. Kentucky Ave. and Hwy. 41 across from Wolfe's Auto Auction.
Property consists of 3 spaces (leased)
- Unit A (6,000 SF) $2250/mth - Built 1978/Steel
*1 office, 1/2 bath, 1 bay, 400 amp/3 phase, 16'
clear, gas & electric, LED high bay lighting, new TPO
roof overlay within last 5 yrs, 5" concrete floors
- Unit B (7,775 SF) $1800/mth - Built 1978/Steel
*1 office, 1/2 bath, 2 bays, 400 amp/3 phase, 16'
clear, gas & electric, LED high bay lighting, new TPO
roof overlay within last 5 yrs, 5" concrete floors
- Unit C (7,080 SF) $2500/mth - Built 2019
*1 small office, 1/2 bath, 60x120, 400 amp/3 phase,
16' clear, spray foam in walls, R30 in ceiling, interior
metal liner panels, gas & electric, main floor drain,
LED high bay lighting, fenced yard, 2 OH
(16x16), 6" concrete floors
** Insurance: $7,762 plus Taxes: $12,389 = Total Expenses: $20,151
Income: $78,600
20,855 SF of Warehouse/Distribution space located off I-69, S. Kentucky Ave. and Hwy. 41 across from Wolfe's Auto Auction.
Property consists of 3 spaces (leased)
- Unit A (6,000 SF) $2250/mth - Built 1978/Steel
*1 office, 1/2 bath, 1 bay, 400 amp/3 phase, 16'
clear, gas & electric, LED high bay lighting, new TPO
roof overlay within last 5 yrs, 5" concrete floors
- Unit B (7,775 SF) $1800/mth - Built 1978/Steel
*1 office, 1/2 bath, 2 bays, 400 amp/3 phase, 16'
clear, gas & electric, LED high bay lighting, new TPO
roof overlay within last 5 yrs, 5" concrete floors
- Unit C (7,080 SF) $2500/mth - Built 2019
*1 small office, 1/2 bath, 60x120, 400 amp/3 phase,
16' clear, spray foam in walls, R30 in ceiling, interior
metal liner panels, gas & electric, main floor drain,
LED high bay lighting, fenced yard, 2 OH
(16x16), 6" concrete floors
** Insurance: $7,762 plus Taxes: $12,389 = Total Expenses: $20,151
Income: $78,600
Property Facts
Amenities
- Fenced Lot
- Yard
Utilities
- Lighting - LED
- Gas - Natural
- Water
- Sewer - County
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 82-09-05-033-061.005-029 | Improvements Assessment | $297,300 |
| Land Assessment | $29,500 | Total Assessment | $326,800 |
Property Taxes
Parcel Number
82-09-05-033-061.005-029
Land Assessment
$29,500
Improvements Assessment
$297,300
Total Assessment
$326,800
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INCOME PRODUCING FULLY LEASED WAREHOUSE | 962 Neubling Ave