Large Industrial NNN Sale-Leaseback

Industrial for Sale
Catylist Listing ID: 30436911
Property Subtypes: Net Leased
Building Size (RSF): 145,000 SF
Gross Building Area: See Agent
Sale Price: $8,000,000
Unit Price: $55.17 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 7/31/2019

Overview / Comments

This industrial sale-leaseback offering, located in Carrollton, Kentucky, is a rare opportunity to acquire an absolute NNN leased property with healthy lease term remaining and a high-quality tenant. The tenant, DRC Industries, is one of the leading providers of custom packaging products, services and solutions to a broad range of markets and industries.

Situated approximately 50 miles from both the Louisville Intl. Airport (home to UPS & the 3rd largest world cargo hub in the US) and The Cincinnati/N. KY Intl. Airport (fastest growing cargo hub in US which will house the primary Amazon Prime Air Hub), Carrollton, Kentucky is a large, well-educated employment base and is home to many large, international industries and moderately sized manufacturers.

Attachments & Media

Additional Details

Nearest MSA: Cincinnati
County: Carroll
Zoning: INDUSTRIAL

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,155 8,087
Median Age: 36.6 37.18
Households: 2,309 3,047
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.