For Sale
For Sale
-
Year Built
1967 (Renovated 1980)
-
Total Building Size
24,332 RSF
-
Overview
Exceptional Industrial Investment Opportunity in Ludlow, Kentucky with Price Reduction & 10% Cap Rate.
The offering consists of two separate buildings on adjacent parcels, totalling over 5 acres. The larger building is 83,682 SF, and the smaller building is 24,332 SF. The tenant in both buildings is U.S. Nonwovens Corporation, a manufacturer of cleaning products such as Ajax Bleach, Dynamo Detergent, Oxydol, Final Touch, Turtle Wax, and others. Website: WWW.USNONWOVENS.COM. U.S. Nonwovens is in five continents and has 900 employees. They are a subsidiary of Wind Point Partners, a very large private equity company. Here is their link: WWW.WINDPOINTPARTNERS.COM.
There is a separate lease for each building, but the leases are practically identical and are coterminous, and both expire on 10-31-24.• Two buildings with the same tenant
• 100% occupied by one tenant who has been in the building under varying names since 2004
• Tight Greater Cincinnati/NKY industrial market boasts a 5% vacancy rate
• Significant recent capital investments in the property by the owner including roof, lot and siding improvements
• These improvements totalled approximately $500,000
• 1 Sandbank Road - 83,682 SF
• 4 Sandbank Road - 24,332 SF
• Tenant produces soap and bleach based products for retail
• Ample tenant infrastructure in building; i.e. machinery, electric, blending equipment etc.
For Lease
Industrial Space
-
Time on Market
over 2 years
-
Space ID
2082903
-
Overview
Exceptional Industrial Investment Opportunity in Ludlow, Kentucky with Price Reduction & 10% Cap Rate.
The offering consists of two separate buildings on adjacent parcels, totalling over 5 acres. The larger building is 83,682 SF, and the smaller building is 24,332 SF. The tenant in both buildings is U.S. Nonwovens Corporation, a manufacturer of cleaning products such as Ajax Bleach, Dynamo Detergent, Oxydol, Final Touch, Turtle Wax, and others. Website: WWW.USNONWOVENS.COM. U.S. Nonwovens is in five continents and has 900 employees. They are a subsidiary of Wind Point Partners, a very large private equity company. Here is their link: WWW.WINDPOINTPARTNERS.COM.
There is a separate lease for each building, but the leases are practically identical and are coterminous, and both expire on 10-31-24.• Two buildings with the same tenant
• 100% occupied by one tenant who has been in the building under varying names since 2004
• Tight Greater Cincinnati/NKY industrial market boasts a 5% vacancy rate
• Significant recent capital investments in the property by the owner including roof, lot and siding improvements
• These improvements totalled approximately $500,000
• 1 Sandbank Road - 83,682 SF
• 4 Sandbank Road - 24,332 SF
• Tenant produces soap and bleach based products for retail
• Ample tenant infrastructure in building; i.e. machinery, electric, blending equipment etc.
-
Presented By
Colliers | CincinnatiJeffrey Kroeger
Property Details
Exceptional Industrial Investment Opportunity in Ludlow, Kentucky with Price Reduction & 10% Cap Rate.
The offering consists of two separate buildings on adjacent parcels, totalling over 5 acres. The larger building is 83,682 SF, and the smaller building is 24,332 SF. The tenant in both buildings is U.S. Nonwovens Corporation, a manufacturer of cleaning products such as Ajax Bleach, Dynamo Detergent, Oxydol, Final Touch, Turtle Wax, and others. Website: WWW.USNONWOVENS.COM. U.S. Nonwovens is in five continents and has 900 employees. They are a subsidiary of Wind Point Partners, a very large private equity company. Here is their link: WWW.WINDPOINTPARTNERS.COM.
There is a separate lease for each building, but the leases are practically identical and are coterminous, and both expire on 10-31-24.
• Two buildings with the same tenant
• 100% occupied by one tenant who has been in the building under varying names since 2004
• Tight Greater Cincinnati/NKY industrial market boasts a 5% vacancy rate
• Significant recent capital investments in the property by the owner including roof, lot and siding improvements
• These improvements totalled approximately $500,000
• 1 Sandbank Road - 83,682 SF
• 4 Sandbank Road - 24,332 SF
• Tenant produces soap and bleach based products for retail
• Ample tenant infrastructure in building; i.e. machinery, electric, blending equipment etc.
- Property TypeIndustrial
- Submarket
- Year Built1967Renovated 1980
- Sale Price$3,850,000
- Total Building Size24,332RSF
- Total Acres2.48
- Cap Rate10.0%
- Total Available24,332RSF
- Largest Contiguous24,332RSF
- ZoningIndustrial
- Property ID2200547