Commercial Investment Opportunity in Owensboro, KY
BlueGrass Storage is a standard storage and warehouse commercial property made up of 111 units, with a 10%+ cap. rate and an 80% LTV. This property goes for $700,000 with $140,000 down.
The BlueGrass Storage property is featuring:
- Clean, paved and low maintenance
- Taller door storage for large vehicles
- Excellent location and curb appeal
About Owensboro
Owensboro is the third largest city in Kentucky with a regional workforce that is 250,000 people strong and the county seat of Daviess County. It is located on U.S. Highway 60 about 32 miles southeast of Evansville, Indiana and is the principal city of the Owensboro, Kentucky Metropolitan Statistical Area. According to 2006 estimates, the city had a total population of 55,525 and a metropolitan population of 111,599. The city was named after Colonel Abraham Owen (Wikipedia.org).
Greater Owensboro is the business, retail, medical and cultural hub of the western Kentucky region. Strategically located on the Ohio River in northwest Kentucky, the region has access to several four-lane highways.
Owensboro offers all the conveniences of a major metropolitan center along with the comfort, safety, and charm of a small community (edc.owensboro.com).
(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.
