Cross Dock Terminals Industrial FOR SALE


Evansville, IN - North Evansville
$1,787,800 USD
248-419-3811
, Evansville, IN for Sale
$1,787,800 USD
Industrial - FOR SALE
1/3
null | 8% Cap Rate

Cross Dock Terminals
Evansville, IN
North Evansville


HIGHLIGHTS

  • Generating Income through December 2027
  • Value Add through Leasing up Vacant 16 Dock Doors (Pro-Forma Cap Rate 12.25%)
  • Both Buildings Completely Renovated in 2024
  • Immediate Access to State Road 66 and other Major Highways
  • Close Proximity to Evansville Airport and Central Business District
  • Ideally located between Indianapolis, Nashville and St. Louis

OVERVIEW

Fortis Net Lease is pleased to present this offering for two Cross Dock Truck Terminals in Evansville, Indiana on approximately 3 acres. The first Terminal, 1416 Meyer, includes 8,150 SF with 26 Dock level doors and 900 SF office space on 2.10 Acres. The second terminal, 2780 Kratzville is 5.150 SF with 16 Dock level doors and 800 SF office on .90 acres. Both buildings were completely renovated in 2024. Both sites are zoned M-2 – General Industrial allowing for Industrial Outdoor Storage. This is truly a value add play. An Investor can enjoy collecting rent from a multi billion dollar tenant while leasing up the vacancy and creating double digit annual returns. 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 reimburses all real estate taxes and pays Mangement fee, CAM and insurance expenses. AAA Cooper purchased a larger building in Evansville in 2024 and is no longer operating at this site but continues to pay rent through December of 2027. 1416 Meyer is available for immediate sublease or sale. 2780 Kratzville is currently vacant and is also available for lease or sale. The properties are individually parceled and may be leased or purchased separately or together.

ASK ABOUT THIS PROPERTY

Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.