Schrader Auction Group

Upcoming Auction:

Absolute Auction – Income Property
Approximately 220,000 SF Warehouse, Georgetown KY!

“With No Minimum and No Reserve. Sold to the Highest Bidder, Regardless of Price.”

109 Triport Road, Georgetown, KY 40324
Thursday, May 17th – 12:00 Noon – On-Site

OPEN HOUSE:
Thursday, April 12th, 2:00-5:00pm
Thursday, April 26th, 2:00-5:00pm
Thursday, May 10th, 2:00-5:00pm
Thursday, May 17th, 10:00am – 12:00 noon

Broker Participation Fee – Call For Details.

Download Auction Package & Register Today!

 

Property Highlights:

  • Appraised for $5,120,000 by Atlantic Appraisal in December 2017.
  • Superior Location: Property is adjacent to Interstate 75 and Toyota Motor Manufacturing at Exit 129.
  • Georgetown, KY is one of the fastest-growing cities and 7th largest city in Kentucky.
  • Prime location for warehousing and distribution.
  • Tight market and strong demand for warehouse space in Georgetown.
  • Light Industrial, I-1 zoned.
  • Approximately 220,000 square feet on 11.27 acres.
  • Low property tax rates in Scott County, Kentucky. ($.0087200 rate)
  • Fully-Sprinklered – Dry Sprinkler System.
  • Constructed in 1984. 25’ x 55’ column spacing.
  • Approximately $400,000 in gross rental income now with approximately one half the building available for lease.
  • Tremendous upside for investors with a strong management team and leasing expertise.
  • Two high-quality tenants:
    Commonwealth Tool & Machine: commonwealthtool.com
    Orbis – orbiscorporation.com

 

For more information, contact:
James M. Schrader, Principal Auctioneer / Broker
859-288-5008 or jschrader@schradercommercial.com

Terms:
The property and improvements thereon will be sold “as is” with no warranty, expressed or implied. Announcements made the day of sale take precedence over printed material or prior verbal statements. 10% down and signed contract due day of sale. Closing within 45 days of sale date. Bid deposit required.

Property boundaries are only approximation and do not represent actual property lines. This is for illustration purposes only.

The information contained herein is from sources believed, but not guaranteed to be accurate. Schrader Auction Group, LLC makes no representation or warranties regarding the property and you should conduct a careful, independent, investigation of the property to determine its suitability for your use and investment.