Industrial Warehouse For Sale or For Lease

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30576713
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 25,000 SF
Gross Land Area: 5.17 Acres
Sale Price: $499,000
Unit Price: $19.96 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: N/A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

Two-building warehouse on 5 acres, with a combined total square footage of approximately 25,000 (15,000 + 10,000).
Eave height: approx. 12ft, ridge height: approx. 16ft., 7 loading docks, 3-phase power 480 V (per seller's info).

The warehouse was previously a furniture manufacturing business. The most recent lease expired 3/31/2020 and the warehouse is vacant. The property has deferred maintenance.

The property is also available for lease as follows: $5,200 per month ($2.50 psf per year) for a 3-year minimum term, modified gross lease (tenant pays base rent, utilities, tenant insurance, minor interior maintenance costs.)

. Two-building warehouse for sale
. Situated on approximately 5 acres
. Ideal location near I-40 and I-81 in an industrial park
. Available FOR LEASE or FOR SALE

Attachments & Media

Additional Details

Nearest MSA: Morristown
County: Jefferson
Tax ID/APN: 058 069.03
Zoning: INDUSTRIAL
Property Located Between: Epco Drive and Sunrise Ridge Blvd.
Highway Access: I-40; Hwy 92S; Old Highway 92/Industrial Park Drive; Epco Drive
Site Description: 5.17-acre tract, improved with a two-building warehouse structure in a Dandridge industrial/business park
Area Description: Located in a Dandridge, TN industrial/business park, with easy access to I-40 and just minutes to I-81.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 2001
Construction/Siding: Aluminum Siding
Parking Type: Surface
Parking Description: Onsite
Zoning Description: Manufacturing/Industrial
Land Ownership: Fee Simple
Legal Description: Map 058, Parcel 069.03

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,823 5,419 17,359
Median Age: 36.52 41.32 42.71
Households: 572 1,997 6,853

Contact

Photograph of Listing Agent

August Timisela

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

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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