350 Centrifuge Way

Industrial for Sale
Catylist Listing ID: 30504423
Property Subtypes: Net Leased
Building Size (RSF): 51,300 SF
Gross Land Area: 8.23 Acres
Sale Price: $6,450,000
Unit Price: $125.73 PSF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 9.3%
Last Updated: 2/24/2020

Overview / Comments

350 Centrifuge Way is a Class A Research and Development facility located in Oak Ridge, TN. The facility is part of an 8.23 acre tract and provides a total of 51,300 SF which consists of both production area and office space. The production area is 20,000 SF with 2 drive in doors, 20' eave ht, and is completely climate controlled. The office portion of the building consists of 31,000 SF, with 12' eave ht. The facility is in excellent mechanical and structural condition. Substantial improvements have been made to the property recently. 3 independent power feeds enter this building, to provide for heavy electrical consumption. Operations within the facility are for the support of DOE and are classified. Entry to the building has some restrictions. Entry to the production portion of the building requires a "Q" clearance.

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Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: City of Oak Ridge
Tax ID/APN: 106A C 005.00
Zoning: IND-2
Property Condition: Excellent
Exterior Description: Standing Seam roof.
Parking Ratio: 2 (per 1000 SF)
Parking Description: 100 parks. Asphalt paving in excellent condition.
Total Parking Spaces: 100
Sprinklers: Wet
Lighting: LED, Fluorescent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,913 20,421 44,812
Median Age: 42.71 43.1 42.48
Households: 1,286 9,095 18,817


Photograph of Listing Agent

G. Sam Tate, Jr., CCIM

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

Maribel Koella, CCIM, SIOR, FRICS, CRE

NAI Koella | RM Moore KAAR CIE Member
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