Sale/Leaseback Manufacturing/Industrial

Industrial for Sale
Catylist Listing ID: 30707369
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 85,628 SF
Gross Building Area: 91,628 SF
Gross Land Area: 8.80 Acres
Sale Price: $9,170,000
Unit Price: $107.09 PSF
Ceiling: 24 ft. Clear
Docks/Doors: 4 Doors
Office SF: 8,728 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/1/2021

Overview / Comments

Fully leased 85,652 SF Industrial manufacturing/warehouse facility in the CrossGate District

Current Tenants

Tenant Business Name RedGuard LLC
Industry Type Manufacturing
Tenant Notes Tenant, RedGuard, will sign a new 10 year lease at closing in the amount of $596,000 annual rent paid monthly. The lease will include a lease cancellation clause at the 5th year.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087214200120200100
Zoning: LIMITED INDUSTRIAL
Property Located Between: Seneca & S. Broadway on 47th St S.
Highway Access: Easy access to I-35 (KS Turnpike), I-135 and I-235
Airports: Minutes from Dwight D. Eisenhower National Airport
Site Description: Lg Manufacturing/Warehouse/Office w/additional building on 8.8 AC on secondary arterial city street just 1 mile from I-35, I-135 & I-235
Area Description: Located in the CrossGate District in the SW quadrant of Wichita. Close to Pepsi Bottling, Vermillion Inc, Royal Caribbean Cruises Call Center, American Tire Distributors, shopping & dining at 47th St S. & Broadway
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 15
Property Condition: Good
Year Built: 1980
Year Renovated: 2014
Roof Type: Other
Construction/Siding: Metal Siding
Exterior Description: Metal frame with a metal skin on concrete slab, pitched roof metal frame w/metal cover, 145,000 SF hardened concrete production area
Parking Type: Surface
Parking Description: Asphalt parking in front lot. Back covered lot & uncovered lot gravel.
Total Parking Spaces: 200
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Other
Lighting: LED, Fluorescent, Halogen
Internet Access: Cable
Interior Description: Office space offers carpet tiles, 2 break areas, server room, rest rooms (tile floors) front lobby, conference rooms, shop features concrete floor with first floor offices & second floor office & break area
Zoning Description: Limited industrial
Part of Planned Development?: Yes
Lot Frontage: 571
Lot Depth: 634
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Buyer is asked to verify any easements
Legal Description: 8.8 AC in Lot 1, Block A, Georgia Pacific Add

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,224 63,777 148,384
Median Age: 33.45 32.36 32.73
Households: 2,347 23,968 57,926

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