2933 Highway 1016
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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.
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.
Data Room Click Here to Access
- Operating and Financials
- Miscellaneous
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 | Lot Size | 13.22 AC |
Price Per SF | £590 | Rentable Building Area | 6,250 SF |
Sale Type | Investment or Owner User | Number of Floors | 1 |
Net Initial Yield | 1.72% | Year Built | 2006 |
Property Type | Industrial | Tenancy | Single |
Property Subtype | Warehouse | Level Access Doors | 3 |
Building Class | B |
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
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
Parcel Number | 0086-0000-0033-B | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £85,356 |
PROPERTY TAXES
Parcel Number
0086-0000-0033-B
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£85,356
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2933 Highway 1016
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