480 University Drive new Save Request In-Person Tour Request Virtual Tour
Somerset,KY 42503
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 141,768 sqft
Price per Sqft $42
Subdivision Commercial
MLS Listing ID 25010171
Year Built 2016
Lot Size 8.260 Acres
Property Description
Rare performing investment opportunity with further value add potential. The 13 buildings were constructed in 2016 and are in excellent condition, offering a variety of uses, tenant mixes, and lease terms (ranging from 1-5 years, at approx. $3.80 PSF - $4.20 PSF). Leases are structured as Modified Gross with Tenant paying rent + utilities. Heating and Air Landlord responsibilities are limited to replacement, with Tenants paying repair and routine maintenance.
Each of the eleven 12,000 SF buildings are either already furnished with restroom(s) or are plumbed with rough ins in place ready for build outs as needed. Each building is separately metered with its own dumpster. Buildings 12 and 13 are storage units but specifically designed for boats and RV's. Buyer will enjoy prepaid rent upon closing among several tenants, currently totally approximately $143,000. Smartly configured with horse shoe shaped configuration offering ample room for truck deliveries within the center of the property. Access to I-75 via Hwy 80 and Hwy 461; access to I-65 via Cumberland Pkwy and access toI-64 via Hwy 27 and Hwy 150.
Location
State KY
County Pulaski
Exterior
View Y/N N