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12954 Fountain Run Rd 129,388 SF Industrial Building Fountain Run, KY 42133 $17,641,337 CAD ($136.34 CAD/SF) 8.01% Cap Rate
Investment Highlights
- Recently Lease Extension - 10+ year term recently extended through July 2036
- Rent Growth - 3% annual rent escalations
- Mission-Critical Facility - Significant tenant improvements and three prior building expansions (2012, 2017 and 2022)
- Attractive Pricing - $12,525,000 asking price reflecting an 8.00% cap rate
- Absolute Net Lease Structure - Zero landlord responsibilities
- Tenured Occupancy - APACE Packaging has operated continuously at this location since 2005
Executive Summary
Colliers is pleased to present the exclusive opportunity to acquire a single-tenant, absolute net leased industrial facility comprising 129,388 square feet on 15.01 acres. The property is 100% occupied by APACE Packaging, an established pharmaceutical packaging company with a demonstrated long-term commitment to the site and substantial capital invested in facility-specific improvements and operations.
The offering represents a compelling passive investment opportunity, underpinned by mission-critical real estate, a recently extended long-term lease, and a tenant who has initiated three building expansions and nearly two decades of continuous occupancy at the location. The absolute net lease structure eliminates landlord responsibilities, providing investors with predictable, management-free cash flow.
The offering represents a compelling passive investment opportunity, underpinned by mission-critical real estate, a recently extended long-term lease, and a tenant who has initiated three building expansions and nearly two decades of continuous occupancy at the location. The absolute net lease structure eliminates landlord responsibilities, providing investors with predictable, management-free cash flow.
Property Facts
| Price | $17,641,337 CAD | Rentable Building Area | 129,388 SF |
| Price Per SF | $136.34 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1972/2005 |
| Cap Rate | 8.01% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.82/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 8 |
| Lot Size | 15.01 AC | No. Drive In / Grade-Level Doors | 2 |
| Price | $17,641,337 CAD |
| Price Per SF | $136.34 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.01% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 15.01 AC |
| Rentable Building Area | 129,388 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2005 |
| Tenancy | Single |
| Parking Ratio | 0.82/1,000 SF |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 2 |
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,239,527 CAD | |
| Land Assessment | $216,907 CAD | Total Assessment | $3,456,434 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$216,907 CAD
Improvements Assessment
$3,239,527 CAD
Total Assessment
$3,456,434 CAD
Contacts
-
Andrew Lubinski -
Justin Felix -
Aaron Whitmore -
Ethan Haglund -
Taylor Thompson -
CBRE, Inc.
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12954 Fountain Run Rd
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