702 Carnation DrAurora, MO 65605

For Sale
$4,500,000

150,000 SF Warehouse, 3.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $4,500,000 asking price for a 150,000 square foot warehouse.
  • 100% occupied, multi-tenant property with two tenants.
  • 3.70% cap rate with a gross lease structure.
  • Located on 12.8 acres in Aurora, MO, with zoning designated M-1.
  • Features six loading docks, three dock-high doors, and 12-foot ceilings.
  • Three single-story buildings built in 1958.

Property Details for 702 Carnation Dr

Property type
Other warehouses, Other industrial properties
Square Feet
150,000 SF
Class
C
Year Built
1958
Buildings
3
Stories
1
Lot Size (sq. ft)
557,568 SF

Location Insight

City
Aurora
County
Lawrence
State
Missouri
Latitude
36.967358591329
Longitude
-93.736520179377
702 Carnation Dr, Aurora, Missouri

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702 Carnation Dr
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