250 American Greeting Card Rd, Corbin, KY 40701
1,003,200 SF | 100% Leased | Industrial Building | Corbin, KY 40701 | $22,496,000 ($22/SF) | 8.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $22,496,000
- Property Type
-
Industrial
- Price / Square Foot
- $22
Listing Contacts
Kevin Foley
Verified Profile
Austin Wolitarsky
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Anthony DeLorenzo
Verified Profile
Bryan Johnson
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Nick Williams
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- Property Info
Property Overview
INVESTMENT HIGHLIGHTS
RARE INDUSTRIAL INVESTMENT OPPORTUNITY IDEALLY LOCATED RIGHT OFF I-75 - HIGHLY DESIRABLE LOGISTICS HUB
* 100% NNN Leased 1MSF Industrial Property Leased to Webbed Sphere Inc.
* 15-Year Long-Term NNN Lease with Strong 3.5% Annual Rent Escalations
* Assumable Loan: $9.1M Amortizing Loan at Fixed 4.62% Rate with 9 Years Remaining
* New $2.8M Roof as of June 2022 with 15 Year Duro-Last Warranty
* Lease Commencement at Close of Escrow (Sale/Leaseback); Lease Includes Two (2), 5-Year Renewal Options at Fair Market Value
* 22’ Clear Height, 8 (10’ x 14’) interior dock doors; 1 (10’ x 14’) ramped interior drive-in door; 1 (12’ x 14’) drive-in door
* Ideally positioned midway between the North and South points of I-75 – Highly Desirable Logistics Hub for Warehouses wedged between Lexington, KY and Knoxville, TN and only 14 minutes from London-Corbin Airport
RARE INDUSTRIAL INVESTMENT OPPORTUNITY IDEALLY LOCATED RIGHT OFF I-75 - HIGHLY DESIRABLE LOGISTICS HUB
* 100% NNN Leased 1MSF Industrial Property Leased to Webbed Sphere Inc.
* 15-Year Long-Term NNN Lease with Strong 3.5% Annual Rent Escalations
* Assumable Loan: $9.1M Amortizing Loan at Fixed 4.62% Rate with 9 Years Remaining
* New $2.8M Roof as of June 2022 with 15 Year Duro-Last Warranty
* Lease Commencement at Close of Escrow (Sale/Leaseback); Lease Includes Two (2), 5-Year Renewal Options at Fair Market Value
* 22’ Clear Height, 8 (10’ x 14’) interior dock doors; 1 (10’ x 14’) ramped interior drive-in door; 1 (12’ x 14’) drive-in door
* Ideally positioned midway between the North and South points of I-75 – Highly Desirable Logistics Hub for Warehouses wedged between Lexington, KY and Knoxville, TN and only 14 minutes from London-Corbin Airport
Property Details
- Class
- C
- Year Built/Renovated
- 1968/2022
- Stories
- 1
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 1,306,800 SF
Highlights
- RARE INDUSTRIAL INVESTMENT OPPORTUNITY IDEALLY LOCATED RIGHT OFF I-75 - HIGHLY DESIRABLE LOGISTICS HUB
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