Catylist ID:
#30808934
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: | 3/22/2023 |
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 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 2,508 | 13,640 |
| Median Age: | 38.87 | 42.03 |
| Households: | 943 | 5,270 |
Contact
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