Cross Dock Terminals Industrial FOR SALE


Evansville, IN - North Evansville
$1,970,000 USD
248-419-3811
, Evansville, IN for Sale
$1,970,000 USD
Industrial - FOR SALE
1/3
null | 9.49% 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 Warehouse Truck Terminals in Evansville, Indiana on approximately 3 acres. The West building, 1416 Meyer, includes 8,150 SF with 26 Dock level doors and 900 SF of office space on 2.10 Acres. The second building, 2780 Kratzville, the East building is comprised of 5.150 SF with 16 Dock level doors and 800 SF of office on .90 acres. Both buildings were completely renovated in 2024. Both sites are zoned M-2 – General Industrial allowing for Industrial Outdoor Storage. 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 pays all expenses directly and reimburses LL for real estate taxes and Management fee. AAA Cooper moved out of this site in 2024 and but continues to pay rent through December of 2027. 2780 Kratzville was was recently leased to Parcil Safety as their new National headquarters and distribution center. Parcil Safety primary business is the sale and distribution of gas masks and safety equipment. 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 Notice.