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2933 Highway 1016

6,250 SF Industrial Building Berea, KY 40403 £3,686,727 (£590/SF) 1.72% Net Initial Yield

Investment Highlights

  • Total Acreage: 13.22+-
  • The property features a contemporary steel structure of 6,250 sq ft (50' X 125').
  • Includes 2 forklifts, office furnishings, 2 company vehicles, and a wide array of machining tools.
  • Facility is fully stocked with essential machinery and tools, ensuring complete service offerings. Its clientele includes Fortune 500 companies.
  • 14 ft eaves and a central height of 20 ft. It includes two 16 ft bay doors, a 12 ft door, concrete flooring.

Executive Summary

Located in Berea, KY, this family-operated enterprise specializes in custom CNC machine products and solutions, featuring a full-service die repair and machine shop. The business spans 2.71 acres, with an additional 10.51 acres available for expansion. It provides a variety of manufacturing services, including design engineering, CNC milling, welding, grinding, assembly, wire and ram EDM, as well as designing machines, fixtures, and jigs, with a focus on precision-machined parts production.
The facility is well-stocked with all essential machinery and tools for comprehensive service offerings. Its clientele encompasses Fortune 500 companies. Situated just 6.2 miles from I-75, the company has a profitable history and well-established accounts, offering substantial potential for growth. The current owner is committed to aiding the new owner in the transition and maintaining established accounts. The property features a contemporary steel structure of 6,250 sq ft (50' X 125'), with 14 ft eaves and a central height of 20 ft. It includes two 16 ft bay doors, a 12 ft door, concrete flooring, an office space, two restrooms, dual 10-ton HVAC systems, two forklifts, office furnishings, two company vehicles, and a wide array of machining tools.
Other amenities include a beautiful 19 ft deep, spring-fed pond with catfish, bass, crappie, and bluegill fish. This shop has a lot to offer and is in the perfect location!
Other amenities include Tract 1-B containing 10.51 acres. On this tract is a beautiful 19 ft deep, this shop has a lot to offer and is in the perfect location! Call today to schedule a private showing.

Attachments

2933 Hwy 1016 Berea, KY
Full Equipment List- 2933 Highway 1016, Berea, KY

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,686,727
Price Per SF £590
Sale Type Investment or Owner User
Net Initial Yield 1.72%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 13.22 AC
Rentable Building Area 6,250 SF
Number of Floors 1
Year Built 2006
Tenancy Single
Level Access Doors 3

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Indianapolis
867,125
228
4 h 21 m
Columbus
892,533
232
4 h 34 m
Charlotte
872,498
345
7 h 4 m
Detroit
672,662
380
7 h 18 m
Chicago
2,705,994
409
7 h 49 m
Washington
702,455
527
9 h 59 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
56,381
Total Labor Force
29,018
Unemployment Rate
3.17%
Median Household Income
$49,662
Warehouse Employees
5,286
High School Education Or Higher
88.30%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0086-0000-0033-B
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£85,356
  • Listing ID: 32716766

  • Date on Market: 07/08/2024

  • Last Updated:

  • Address: 2933 Highway 1016, Berea, KY 40403

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