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2083 N State Highway 7, North Vernon, IN

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2083 N State Highway 7

North Vernon, IN 47265-7177

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1990
Building Size:4,040 SF Land Area:.48 AC (20,909 SF)
Ceiling Height:10'0'' Loading Docks:- Rail:- Power:-
For Sale Price:$165,000 Price/SF:$40.84
Cap Rate:9.75 %
Zoning:- Sprinklers:- Drive Ins:- Cranes:-

42 Unit Mini-Storage Rental Facility located on the Northwest side of North Vernon near the intersection of State Road 7 and State Road 3. The facility consists of two (2) buildings constructed in 1991. The units have 100% to near 100% occupancy with 22-6X10 Units; 4-8X10 Units and 16 10X15 Units totaling 4,040 SF rentable storage space. 9.75% CAP Rate, financials and property survey available upon request.
North Vernon is a city in Jennings County, Indiana, United States. The population was 6,728 at the 2010 census.

APN 0030147800

Sale Notes:
Owner is willing to offer financing.
Small mini warehouse located near a high traffic area and adjacent to a new Taco-Bell. This property has been in existence since 1991. There are two buildings: Building 1 is 20' x 52' with concrete floor, wood frame, vinyl siding, asphalt shingles with a new roof installed in 2012. It has 16 units. Building 2 is 30' x 100' with concrete floors, wood frame, vinyl siding, asphalt shingles also a new roof installed in 2012. It has 26 units. There are a total of 22 - 6' x 10' units, 4 - 8' x 10' units and 16 - 10' x 15' units for a total of 42 units. The buildings are in good condition with no deferred maintenance. It presently is 100 % leased and has maintained an average of 95% occupancy since the present owners have had it for over 13 years. This would make a nice low maintenance investment for the right person.

This site is located at the north entrance to the city of North Vernon. Nice secure, open location.

Berkshire Hathaway Home Services
Rob Millman
(812) 522-5060

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