Property Details:

• Listing Type: Sale
• Primary Use: Industrial
• Building: 39,124 SF
• Industrial: 31,324 SF
• Available: 39,124 SF
• Sale Price: $2,600,000
• Heat: Overhead Gas
• Gas: Dominion
• Sewer: Other
• Water: City
• Parcel Number: 10234001, 10234043, 10234044, 10234021, 10243028
• Zoning: Semi-Industry
• Sub Market: Downtown/CBD Area

Property Description:

All leases 1982-Present were/are NNN. Occupied by Munson owned Phillips Industrial Products, Inc. (construction supplies) and Phillips/Day & Maddock (PDM) (construction supplies, light equipment sales, rental & repair) 1982-1998. Occupied by Hertz Equipment Rental (Hertz purchased PDM 11/1/1998) 1998-2006. Occupied by Phillips Contractor Supply (Ex PDM employees purchased the E. 30th Street Operation from Hertz in 2006) 2006-2015. Occupied by Colony Hardware Corporation (Colony purchased Phillips Contractor Supply in 2015) 2015-Present. In 2018 Audax Management Company, LLC (www.audaxgroup.com) bought a controlling interest in Colony Hardware and continues to actively participate in the management of Colony. 1982-Present occupied by the same basic business under successor entities. No delinquent rent payments by any entity 1982-2022 (YTD). Colony Hardware Corporation (www.colonyhardware.com) is a large regional distributor of construction supplies, tools and equipment with 45 locations east of the Mississippi and in Texas. Colony Hardware provides tools & equipment, supplies, safety products, rental and repair to construction and industry. Their commitment to quality and service is unmatched. Products are carefully selected for quality, durability and value. At Colony, they understand that in order for you to meet your aggressive deadlines, you need to have the materials you want at the right place, the right time and at the right price. They stock over 25,000 different products from over 750 different manufactures. They continue to fulfill thousands of orders accurately and completely so that you and your tradespeople can.

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