70 Precision DrWalton, KY 41094

Property Details for 70 Precision Dr

Lot size

3.04 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

009-00-00-003.04

APU

9000000304

Description

This exceptional 118,206-square-foot warehouse, situated on a 9.74-acre lot in Walton, Kentucky, presents a compelling investment opportunity. Built in 2000, the property boasts 8 dock-high doors and drive-in doors, facilitating efficient cross-docking operations. The warehouse features impressive ceiling heights ranging from 18 to 24 feet, providing ample vertical space for storage and operations. Ample parking is available with over 210 spaces for employees and visitors. The property benefits from a 2020 roof overlay with a 20-year membrane warranty, ensuring long-term protection. The building is equipped with a robust electrical system, including 480-volt, 3-phase, 5,000-amp service with bus duct throughout, and 100% HVAC. Its strategic location, just one mile from I-75, offers unparalleled access to major transportation arteries. The asking price is $8,300,000, translating to $90 per square foot. This well-maintained manufacturing facility is ready for immediate occupancy and presents a rare opportunity to acquire a high-quality industrial asset in a prime location. The property includes a 1,224 square foot mezzanine, not included in the total building footprint of 109,570 square feet. The Boone County location and excellent access to I-75 make this a highly desirable property.

• CAP approach

  CAP return

  Valuation

  6%

  $28,699,586

  6.5%

  $26,491,926

  7%

  $24,599,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,374,720

  Geo Method

  $41,374,720

• Alternative Use

  Use

  Valuation

  Residential

  $22,346,930

  Hospitality

  $20,469,668

  Educational

  $17,030,524

  Medical

  $17,616,230

  Retail

  $26,491,926

Location Insight

City

Walton

County

Kenton

State

Kentucky

Latitude

38.8606

Longitude

-84.6021

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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