702 Carnation DrAurora, MO 65605
- Warehouses
- 150,000 SF
Property Details for 702 Carnation Dr
- Year built
- 1958
- Lot size
- 12.80 AC
- Property size (Sq ft)
- 150,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully occupied, 150,000-square-foot warehouse complex in Aurora, Missouri. The property, located at 702 S Carnation Dr, boasts three single-story buildings on a 12.8-acre lot, zoned M-1. Built in 1958, the Class C warehouse features six loading docks, three dock-high doors, and a 12-foot ceiling height. Currently housing two tenants with 100% occupancy, the property generates a 3.70% cap rate at an asking price of $4,500,000 ($30/sq ft). The gross lease structure simplifies management. The property benefits from high visibility due to its location within an industrial park experiencing 9,410 cars per day in traffic. Over 100 parking spaces are available on-site. This multi-tenant property offers significant potential for investors seeking a strong return in a thriving industrial area. The property's APN is 19-6.0-13-002-002-015.001. This is a rare opportunity to acquire a substantial warehouse complex in a prime location.
Location Insight
- City
- Aurora
- County
- Lawrence
- State
- Missouri
- Latitude
- 36.9674
- Longitude
- -93.7365
Comparable in this City
Similar Nearby for Sale
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