New Warehouse in Kentucky
173 Technology Way Bowling Green, KY 42101
173 Technology Way, Bowling Green, KY, 42101
Contact for pricing
For Sale
Contact for pricing
Newly constructed 125,000 SF warehouse suitable for warehousing, distribution, or manufacturing.
Property Size125,000 SF
Lot Size16.70 Acres
Price / SF$90
Days on Market747
Property Features for 173 Technology Way
General Information
- Standard status
- Active
- Size
- 125,000 SF
- Lot size
- 16.70 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing Agency
Foundry Commercial Nashville
(615) 997-0010
Listed by
Melissa Alexander · License #TN306668
Source
Crexi
Added: Jul 1, 2024 Checked: Jul 17 at 8:15 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundry Commercial Nashville
Investment Insights
Based on property information with market context.
A newly constructed 125,000 SF warehouse is available for sale in Bowling Green, KY, situated within the Kentucky Transpark. The property, located at 173 Technology Way, occupies approximately 16.7 acres and offers expansion potential up to a total of 250,000 SF. The site also allows for additional trailer or outside storage. The facility is suitable for warehousing, distribution, or manufacturing purposes. Designed for a single tenant layout, the building allows for the addition of more dock doors. The location in South Central Kentucky, known as a leading producer of electric vehicles and auto manufacturing, provides access to a strong, skilled labor pool. Positioned roughly equidistant from Louisville, KY, and Nashville, TN, the Kentucky Transpark benefits from its proximity to I-65, a major industrial corridor. The property is located approximately 2 miles from I-65, accessible via a directly connected, divided highway with a dedicated interstate interchange.
Key Highlights
- Newly constructed 125,000 SF warehouse facility.
- Located in the Kentucky Transpark, Bowling Green, KY.
- Expansion potential up to 250,000 SF or excess land for storage.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.02M | $8.16 |
| − Vacancy | −$56.1k | −$0.45 |
| EGI | $963.9k | $7.71 |
| − OpEx | −$144.6k | −$1.16 |
| NOI | $819.3k | $6.55 |
125,000 SF · lease $8.16/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$11.70M
$10.24M – $13.66M
NOI $819,315 @ 7.0% cap · market cap 7.28%
Second Best
Industrial
$9.19M
$8.04M – $10.73M
NOI $643,598 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$27.61M
$24.16M – $32.21M
NOI $1,932,480 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Warehouse - Newly constructed 125,000 SF warehouse suitable for warehousing, distribution, or manufacturing.
Where is this warehouse located?
The property is located at 173 Technology Way Bowling Green, KY.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: Newly constructed **125,000 SF warehouse facility**.; Located in the Kentucky Transpark, Bowling Green, KY.; Expansion potential up to 250,000 SF or excess land for storage.
