TITLE:
KANSAS INDUSTRIAL
CONTROL:
Exclusive
VALUE:
$1,850,000
LOAN:
$0
EQUITY:
$1,850,000
TYPE:
Industrial
HAVE:
80K sft on 5.2 acres with 16-22' ceilings in Cherryvale, KS (Montgomery County - Southeast KS). 7 Docks/4 OHs. Metal on Steel with 3 Phase power. Existing tenant vacating in Q2.
ADDRESS:
809 N Liberty St., Cherryvale, Kansas
BENEFITS TO NEW OWNER:
Free & Clear, value add w upside, limited supply, tight smaller market
GROSS SCHEDULED INCOME:
$200,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$200,000
EXPENSES:
$0
NOI:
$200,000
DEBT SERVICE:
$0
CASH FLOW:
$200,000
CAP RATE:
10.81%
BENEFITS SOUGHT:
Would like to use signature to move into stable anything, or go down with some cash and other equities/notes.
CAN ADD:
Signature (2-3x if financeable). Mixed use development in IN. Potential leaseback to cover carry.
REMARKS:
Numbers show property leased at $2.50/ft (marketed at $3.50/ft). Current carry (tax/ins/maint) is ~$60K/year.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
