PRESENTED BY:
420 NW 5TH STREET, SUITE 202 | EVANSVILLE, IN 47708 | 812.426.1070 | SUMMITREALESTATE.US
SCOTT HYATT, CCIM
812.430.4989
OFFERING SUMMARYOFFERING SUMMARY
Sale Price: $485,000
Cap Rate: 8.83%
NOI: $42,827
Lot Size: 2.62 Acres
Year Built: 1985
Building Size: 8,185 SF
Zoning: C-4
Price / SF: $59.25
PROPERTY OVERVIEWPROPERTY OVERVIEWSummit Real Estate Services is proud to present this unique investment opportunitylocated on Evansville's northside. This single-tenant warehouse property is located onSR 57, just west of I-69, in northern Vanderburgh County.
The property is currently leased to RoadSafe Traffic Systems, Inc., and has four (4)years remaining on the lease. RoadSafe is the nation's largest provider of trafficcontrol and pavement marking services. Operating throughout the United States andheadquartered in Chicago, RoadSafe has over 40 locations with road crews trainedand certified by the American Traffic Safety Services Association.
PROPERTY HIGHLIGHTSPROPERTY HIGHLIGHTS
• Long-term successful tenant
• Located in Northern Vanderburgh County industrial area
• Strong and growing demographics
FOR SALE | INVESTMENT PROPERTY1 2 4 1 5 S R 5 7
E VA N S V I L L E , I N 4 7 7 2 5
EXECUTIVE SUMMARY
PRESENTED BY:
420 NW 5TH STREET, SUITE 202 | EVANSVILLE, IN 47708 | 812.426.1070 | SUMMITREALESTATE.US
SCOTT HYATT, CCIM
812.430.4989
FOR SALE | INVESTMENT PROPERTY1 2 4 1 5 S R 5 7
E VA N S V I L L E , I N 4 7 7 2 5
ADDITIONAL PHOTOS
PRESENTED BY:
420 NW 5TH STREET, SUITE 202 | EVANSVILLE, IN 47708 | 812.426.1070 | SUMMITREALESTATE.US
SCOTT HYATT, CCIM
812.430.4989
INVESTMENT OVERVIEWINVESTMENT OVERVIEW
Price $485,000
Price per SF $59.25
CAP Rate 8.8%
Cash-on-Cash Return (yr 1) 11.13 %
Total Return (yr 1) $10,799
Debt Coverage Ratio 1.34
OPERATING DATAOPERATING DATA
Gross Scheduled Income $52,800
Other Income $0
Total Scheduled Income $52,800
Vacancy Cost $0
Gross Income $52,800
Operating Expenses $9,972
Net Operating Income $42,827
Pre-Tax Cash Flow $10,799
FINANCING DATAFINANCING DATA
Type Fixed
Debt $388,000
Down Payment $97,000
Amortization 20 years
Rate 5.5%
FOR SALE | INVESTMENT PROPERTY1 2 4 1 5 S R 5 7
E VA N S V I L L E , I N 4 7 7 2 5
FINANCIAL SUMMARY
PRESENTED BY:
420 NW 5TH STREET, SUITE 202 | EVANSVILLE, IN 47708 | 812.426.1070 | SUMMITREALESTATE.US
SCOTT HYATT, CCIM
812.430.4989
FOR SALE | INVESTMENT PROPERTY1 2 4 1 5 S R 5 7
E VA N S V I L L E , I N 4 7 7 2 5
LOCATION MAPS
