1980 Highway 70, Jackson, TN 38305
354,000 SF | 100% Leased | Industrial Building | Jackson, TN 38305 | $21,000,000 ($59/SF) | 7.81% Cap Rate
For Sale
Active
Asking Price $21,000,000
- Property Type
-
Industrial
- Price / Square Foot
- $59
Listing Contacts
Jason Denham
- Property Info
Property Overview
Kase Group is pleased to present the opportunity to purchase a well-maintained fulfillment center located in Jackson, Tennessee. The tenant is subject to a new 10-year lease with limited landlord obligations and is
corporately guaranteed by Ascend Transportation. The tenant, Ascend
Transportation, is a 3PL company, and the two primary occupants at the
facility are Kellogg's and Toyota. The distribution center consists of 330,000
square feet and features an additional 24,000 square foot front building,
designed as a cross dock for LTL freight. The offering is situated on a 33-acre
lot and benets from its close proximity to Highway 70 E (10,157 VPD) and
Interstate 40 (43,910 VPD) with access into both Nashville and Memphis
along Interstate 40.
corporately guaranteed by Ascend Transportation. The tenant, Ascend
Transportation, is a 3PL company, and the two primary occupants at the
facility are Kellogg's and Toyota. The distribution center consists of 330,000
square feet and features an additional 24,000 square foot front building,
designed as a cross dock for LTL freight. The offering is situated on a 33-acre
lot and benets from its close proximity to Highway 70 E (10,157 VPD) and
Interstate 40 (43,910 VPD) with access into both Nashville and Memphis
along Interstate 40.
Property Details
- Class
- C
- Year Built
- 2003
- Stories
- 1
- Property Subtype
- Distribution, Warehouse
- Lot Size (sq. ft)
- 1,437,480 SF
Highlights
- New 10 Year Lease
- Limited Landlord Obligations
- Corporate Guarantee
- Well Maintained property by the same owner
- Warehouse updated with new LED Lighting
- Nearby Traffic Counts in excess of 54,000 VPD
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