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1416 MEYER AVE
EVANSVILLE, IN 47710
Asking Price
$1.64M
Cap Rate
11.5%
Asset Type
Industrial
Class
Class B
What's Special
<p><span style="color: rgba(16, 22, 48, 1)">Fortis Net Lease is pleased to present this offering for two Cross Dock Warehouse Truck Terminals in Evansville, Indiana on approximately 3 acres. The West building, 1416 Meyer, includes 8,150 SF with 26 Dock level doors and 900 SF of office space on 2.10 Acres. The second building, 2780 Kratzville, the East building is comprised of 5.150 SF with 16 Dock level doors and 800 SF of office on .90 acres. Both buildings were completely renovated in 2024. Bo
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NOI
$80,000
Cap Rate
4.87%
DSCR
0.82
Underwater
Cash-on-Cash
-3.56%
Monthly Payment
$8,127.678
Annual Cash Flow
$-17,532.137
