Brand New Industrial Building For Sale
4,800 SF | 50% Leased | Industrial Building | Chattanooga, TN 37407 | $1,200,000 ($250/SF) | 6.20% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,200,000
- Property Type
-
Industrial
- Price / Square Foot
- $250
Listing Contacts
Robert Fisher
Verified Profile
- Property Info
Property Overview
Introducing a brand-new industrial facility with easy access to I-24 and downtown Chattanooga!
This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power.
This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income.
Suite 103 (currently leased) offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater. The lease term for this suite ends October 31, 2026 with the option for the tenant to take advantage of 2 renewal periods of 5 years each, with gradual rent increases. Lease available upon request.
This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power.
This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income.
Suite 103 (currently leased) offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater. The lease term for this suite ends October 31, 2026 with the option for the tenant to take advantage of 2 renewal periods of 5 years each, with gradual rent increases. Lease available upon request.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing, Vehicle Related
- Lot Size (sq. ft)
- 17,424 SF
Highlights
- Brand new
- Clean and ready for owner/user or new tenant
- Perfect for a variety of uses
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