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INCOME PRODUCING FULLY LEASED WAREHOUSE 962 Neubling Ave

20,855 SF 66% Leased Industrial Building Evansville, IN 47713 £778,160 (£37/SF) 5.93% Net Initial Yield

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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

Neubling Ave, 962

Property Facts

Price	£778,160	Lot Size	0.90 AC
Price Per SF	£37	Rentable Building Area	20,855 SF
Sale Type	Investment or Owner User	Number of Floors	1
Net Initial Yield	5.93%	Year Built/Renovated	1978/2019
Property Type	Industrial	Parking Ratio	0.72/1,000 SF
Property Subtype	Warehouse Industrial Distribution	Clear Ceiling Height	16 ft
Building Class	B	Level Access Doors	5

Price	£778,160
Price Per SF	£37
Sale Type	Investment or Owner User
Net Initial Yield	5.93%
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution
Building Class	B
Lot Size	0.90 AC
Rentable Building Area	20,855 SF
Number of Floors	1
Year Built/Renovated	1978/2019
Parking Ratio	0.72/1,000 SF
Clear Ceiling Height	16 ft
Level Access Doors	5