Log In/Sign Up
Your email has been sent.
Cross Dock Terminals 2 Industrial Properties Offered at $1,970,000 in Evansville, IN
INVESTMENT HIGHLIGHTS
- Generating Income through December 2027
- Both Buildings Completely Renovated in 2024
- Close Proximity to Evansville Airport and Central Business District
- Value Add through Leasing up Vacant 16 Dock Doors (Pro-Forma Cap Rate 12.25%)
- Immediate Access to State Road 66 and other Major Highways
- Ideally located between Indianapolis, Nashville and St. Louis
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this offering for two Cross Dock Warehouse Truck
Terminals in Evansville, Indiana on approximately 3 acres. The West building, 1416 Meyer,
includes 8,150 SF with 26 Dock level doors and 900 SF of office space on 2.10 Acres. The
second building, 2780 Kratzville, the East building is comprised of 5.150 SF with 16 Dock
level doors and 800 SF of office on .90 acres. Both buildings were completely renovated
in 2024. Both sites are zoned M-2 – General Industrial allowing for Industrial Outdoor
Storage.
1416 Meyer is currently leased by AAA Cooper (Subsidiary of Knight-Swift Transportation
(NYSE:KNX). This is a NN Lease which expires in December 2027. Landlord
responsibilities include roof, structure, parking lot, and HVAC. The tenant pays all
expenses directly and reimburses LL for real estate taxes and Management fee.
AAA Cooper moved out of this site in 2024 and but continues to pay rent through
December of 2027.
2780 Kratzville was was recently leased to Parcil Safety as their new National
headquarters and distribution center. Parcil Safety primary business is the sale and
distribution of gas masks and safety equipment.
The properties are individually parceled and may be leased or purchased separately or
together.
Terminals in Evansville, Indiana on approximately 3 acres. The West building, 1416 Meyer,
includes 8,150 SF with 26 Dock level doors and 900 SF of office space on 2.10 Acres. The
second building, 2780 Kratzville, the East building is comprised of 5.150 SF with 16 Dock
level doors and 800 SF of office on .90 acres. Both buildings were completely renovated
in 2024. Both sites are zoned M-2 – General Industrial allowing for Industrial Outdoor
Storage.
1416 Meyer is currently leased by AAA Cooper (Subsidiary of Knight-Swift Transportation
(NYSE:KNX). This is a NN Lease which expires in December 2027. Landlord
responsibilities include roof, structure, parking lot, and HVAC. The tenant pays all
expenses directly and reimburses LL for real estate taxes and Management fee.
AAA Cooper moved out of this site in 2024 and but continues to pay rent through
December of 2027.
2780 Kratzville was was recently leased to Parcil Safety as their new National
headquarters and distribution center. Parcil Safety primary business is the sale and
distribution of gas masks and safety equipment.
The properties are individually parceled and may be leased or purchased separately or
together.
PROPERTY FACTS
| Price | $1,970,000 | Status | Active |
| Price / SF | $148.12 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 9.49% | Total Building Size | 13,300 SF |
| Sale Type | Investment | Total Land Area | 3.00 AC |
| Price | $1,970,000 |
| Price / SF | $148.12 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.49% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,300 SF |
| Total Land Area | 3.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1416 Meyer Ave, Evansville, IN 47710 | Industrial | 8,150 SF | 2010 | - |
| 2780 Kratzville Rd, Evansville, IN 47710 | Industrial | 5,150 SF | 1962 | - |
1 1
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Cross Dock Terminals
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.