Blue Holdings 6301 Old Boonville Hwy 13,856 SF Office Building Evansville, IN 47715 $3,694,366 CAD ($266.63 CAD/SF) 7.53% Cap Rate

Conveniently located at the entrance to the industrial corridor of Evansville, this building offers a new owner the ability to set up shop for multiple types of users: industrial manufacturing, distribution, flex, office conversion and more.
The real estate was purchased and renovations began in 2021. By Summer of 2022, the two buildings were completely gutted down to the metal shell and concrete floors. The existing two buildings were joined together and received all new; HVAC, electrical, plumbing, wiring, sprinkler system, fire alarm, security, flooring, drywall, etc. The building is approximately 13,856 sf total and sits on 3.77 acres.
The appraisal that was conducted in 2023 was before the owners acquired the additional two acres adjoining the property. This property allows for the possibility of expanding the play structures and opportunities to outdoor playgrounds as well as expanding parking. It also allows the owner to control who their potential neighbors could be in the future.
Current tenant is willing to close the business and vacate the premises upon completion of a sale transaction. When the tenant leaves, it will leave the building with a metal shell and some space ready to be offices.