Prime Investment Opportunity in Loudon County

Industrial for Sale
Sale Pending
Catylist Listing ID: 30808934
Property Subtypes: Light Industrial
Status: Pending
Building Size (RSF): 31,180 SF
Gross Building Area: See Agent
Gross Land Area: 4.40 Acres
Sale Price: $1,000,000
Unit Price: $32.07 PSF
Docks/Doors: 1 Dock
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.23%
Average Occupancy Rate: 100
Last Updated: 11/30/2022

Overview / Comments

CBRE is pleased to offer a single tenant light manufacturing facility that has been occupied by Wyco Tire Technology since it was constructed in 1978. The 31,180 SF facility is situated on 4.4 acres in Loudon County. The tenant has expanded and upgraded numerous times, most expansion was completed in 1997.

Wyko Tire Technology has signed a lease extension through April, 2030. It currently consists of a machine shop that creates molds for all different size tires. It's location in Greenback allows it to be centrally located to the tire plants in America that they service The facility currently features 4 cranes, 3 drive in doors and one common loading dock. There is also lots of office, storage, lab and machine shop spaces.

Greenback, located in Loudon County, is priviledged to have access to economic development incentives that the county offers. For those who qualify, there are property tax abatements for Real and Personal property in the form of Payments in Lieu Of Taxes, or Pilot program.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 05308002900
Zoning: C-1
Property Located Between: Hwy 95 & Thompson Bridge Rd.
Highway Access: The facility is conveniently located on Hwy 411. 29 miles from I-40
Airports: 16 miles to McGhee Tyson
Area Description: Facility is located in Loudon County, a highly business-friendly area that is home to advanced manufacturing companies that have recognized the unique benefits it has to offer.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1978
Year Renovated: 1997
Overhead Cranes: 3
Zoning Description: C-1
Lot Frontage: 352'
Lot Depth: 471'
Legal Description: 03 086 086 10704 000

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,508 13,640
Median Age: 38.87 42.03
Households: 943 5,270

Contact

Photograph of Listing Agent

John M Adams III, CCIM SIOR

CBRE, Inc. KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth, CCIM

CBRE, Inc. KAAR CIE Member
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