Commercial Investment Opportunity in Evansville, IN
Space Station is a standard storage and warehouse commercial property made up of 385 units, with a 9%+ cap. rate and an 80% LTV. This property goes for $2,700,000 with $540,000 down.
The Space Station property is featuring:
- Standard and climate control units
- Outdoor storage too!
- Excellent location and curb appeal
Evansville Economy:
Evansville is the regional center for a large trade area in Indiana, Kentucky, and Illinois. The broad economic base of the region has helped to build an economy which is known for its stability, diversity, and vitality. Major industries today include manufacturing, warehousing and distribution, retailing, health care, and finance and business services. In 2007 the metropolitan area was ranked 88th in the nation in terms of growth and economic impact.
Corporate headquarters include Accuride, Atlas Van Lines, Berry Plastics, Old National Bank, Shoe Carnival, and Vectren. The city is also home to American General Finance, a division of AIG, and Mead Johnson Nutritionals, a division of Bristol-Myers Squibb. Major manufacturing operations in and around the city include AK Steel in Rockport, Alcoa in Newburgh, GE Plastics in Mt. Vernon, Toyota in Princeton, and Whirlpool Corporation in Evansville (Wikipedia.org).
(Map by City-Data.com)
Please note that all prices, building costs, interest rates, appreciation rates and terms are subject to change without notice. The University of Commercial Real Estate is not responsible for losses, damages, or changes in the market conditions. Investors are urged to perform their own due diligence investigations before entering into any real estate transaction, or other contractual relationship, and prior to making a purchase decision.
