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100 Precision Dr
Walton, KY 41094
Auction:4/23 - 4/25: 100 Precision Drive · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1997 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.34/1,000 SF |
| Lot Size | 26.27 AC | Clear Ceiling Height | 33’ |
| Rentable Building Area | 235,730 SF | No. Dock-High Doors/Loading | 20 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 1 |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 26.27 AC |
| Rentable Building Area | 235,730 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.34/1,000 SF |
| Clear Ceiling Height | 33’ |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Fenced Lot
- Air Conditioning
UTILITIES
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
ABOUT 100 PRECISION DR , WALTON, KY 41094
Property tours are available by appointment only. Please contact Steve Timmel or John Gartner to schedule a tour. Colliers International Investment Services, in association with Ten-X, has been exclusively retained by the Owner to facilitate the fee simple sale of the 235,730-square-foot 100 Precision Drive industrial building located in Walton, KY. Built in 1997, the property holds over 227,000 square feet of warehouse and sits on 26.274 acres of land 1.1 miles from I-75. The currently unleased building stands as a significant value-add opportunity for investors and users alike in an extremely competitive Florence/Richwood industrial submarket. The asset sits in the Florence/Richwood submarket just 15 minutes from the Greater Cincinnati/Northern Kentucky International Airport (CVG) and 20 minutes from the core of Cincinnati's CBD. The overall Greater Cincinnati industrial vacancy rate of 4.2 percent and Florence/Richwood's vacancy rate of 2.3 percent make this property a prime value-add proposition in one of the nation's hottest industrial locales. The Northern Kentucky industrial market continues to see strong activity and demand from tenants in the historically automotive and The Northern Kentucky industrial market continues to see strong activity and demand from tenants in the historically automotive and advanced manufacturing sectors, but the emergence of e-commerce and logistics related absorption and the $1.5 billion Amazon Prime Air hub coming online at CVG in 2020 have set this region up to be a national player in the industrial industry. Investment Highlights Significant opportunity to acquire and lease up in a high demand market Region named one of Colliers 10 Emerging U.S. Industrial Markets to Watch for 2018 Constructed in 1997 235,730 SF with potential to expand to near 330,000 SF 100% air-conditioned facility Located just off I-75 in Walton, KY with easy access to CVG Airport, I-71/75 Exchange, and Cincinnati CBD
PROPERTY TAXES
| Parcel Number | 009-00-00-003.02 | Improvements Assessment | $4,725,000 |
| Land Assessment | $1,575,000 | Total Assessment | $6,300,000 |
PROPERTY TAXES
ZONING
| Zoning Code | I-1 Industrial |
| I-1 Industrial |
