5502 Island River Drive

Industrial for Lease
Catylist Listing ID: 30832648
Property Subtypes: Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Research & Development, Warehouse/Distribution
Contiguous Space: 87,981 - 197,236 SF
Building Size (RSF): 197,236 SF
Gross Land Area: 15.20 Acres
Lease Rate: $6.50 PSF (Annual)
Base Monthly Rent: $106,836
Lease Types: Modified Gross, NNN
Ceiling: 29 - 33 ft.
Docks/Doors: 11 Docks
Office SF: 10,056 SF
Drive In Bays: 10 Bays
Last Updated: 3/20/2023

Overview / Comments

197,236 SF of Class B/C industrial warehousing located at Forks of the River Industrial Park (in East Knox County) merely 10 minutes from I-40, ideal for warehousing, distribution, or manufacturing use. This facility has access to heavy utilities, plentiful employee parking, and optional overflow truck/trailer parking. Existing parking includes 249 employee spaces (1.26 ratio / 1000 SF) with options for additional spaces as needed. Nearby rail access/transload available. The space is optionally divisible down to 91,373 SF (which includes the northern office section), but a single tenant is preferred.

Additional Details:
Structure – Steel construction w/ sections of EIFS
Ceiling – 33' Peak (down to 29') with clearance ranging from 29' to 25'
Space – 197,236 SF (Warehouse: 184,980 SF, South Office (renovated): 6,600 SF, North Office: 3,456 SF, & Maintenance Shed: 2,313 SF)
Parking Lot – Two-hundred and Forty-Nine (249) parking spaces, paved with options to add more
Parking Ratio – 1.26 spaces / 1,000 SF (with additional parking optional)
Columns – 20' x 30' centered columns, column spacing to exterior walls is 60' x building length.
Fire Protection – Wet-pipe sprinkler system w/ density of 0.2 - 0.3 GPM/SF
Electrical – Three (3) separate building services. Service #1 is 1200 Amp/480V, 3 phase distribution with a Diesel Generator backup, Service #2 is 2000 Amp/480V, 3 phase distribution, and Service #3 is 1600 Amp/480V 3 phase distribution.
Diesel Generator – One (1) Caterpillar diesel generator w/ automatic power transfer, providing backup power to lighting and various building panels.
Foundation – 6" floor slab (not currently insulated for freezer/cold storage)
Heating – Twenty-One (21) Gas-Unit Heaters (GHUs)
Cooling – Two (2) HVLS fans in center structure, offices are fully HVAC controlled
Lighting – LED High-bay lighting
Dock Doors – Eleven (11) 8' x 10' dock doors, two (2) are motorized, nine (9) are manually operated
Dock Levelers – Eleven (11) Dock Levelers
Roll Down Doors – Ten (10) drivable roll down doors w/ varying sizes (largest is 17' x 22' and the smallest is 12' x 12').

Expand All Available Space

Suite: Lot 1 197,236 SF $6.50 PSF (Annual) NNN,Modified Gross
Space Available: 197,236 SF
Minimum Divisible: 87,981 SF
Lease Rate: $6.50 PSF (Annual)
$106,836 (Monthly)
Lease Type: NNN,Modified Gross
Date Available: 5/1/2023
Lease Term: 120 Months
Space Type: New
Conference Rooms: 2
Offices 10
Parking Spaces 249
Tax Expenses $0.27 PSF (Annual)
Rent Escalators Index Lease
Rent Escalators Description Details to be provided with Lease template.
Ceiling 33 ft. / 29 ft. Clear
Loading Docks 11
Drive In Bays 10
Office Space 10,056 SF

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 111 00904
Property Located Between: I-40 and the French Broad River
Highway Access: I-40 by means of John Sevier Highway (6.6 Miles) or Strawberry Plains Pike (6.5 Miles)
Airports: KTYS, KDKX
Site Description: Located along the beautiful French Broad River (~1,650 feet of shoreline) in the Forks of the River Industrial Park.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1988
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: The building is steel frame construction with metal siding and EIFS features.
Parking Type: Surface
Parking Description: The total number of parking spaces is 249 (1.26 ratio / 1000 SF) with optionality to add more spaces as needed. The parking lots are paved and exist at various locations around the building.
Total Parking Spaces: 249
Column Spacing: Columns are spaced 20'x30' along the centerline of the building - this creates two 60' wide rows x building length on both sides
Sprinklers: Wet
Amps: 4,800
Volts: 480
X-Phase: Three-Phase
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Lighting: LED
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Fiber Optic
Interior Description: There are two office buildouts, one located in the northern section (3,456 SF) and one located in the southern section (newly renovated 6,600 SF) each with private offices, kitchen/break area, training rooms, conference rooms, and bathrooms. There is a maintenance shed on site that is 2,313 SF with two roll-up doors that are both 14'x16'.
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,610 59,709
Median Age: 44.13 39.58
Households: 2,787 25,440


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