Former Joseph Construction Office

Industrial for Sale
Catylist Listing ID: 30706674
Property Subtypes: Flex Space
Building Size (RSF): 23,208 SF
Gross Building Area: See Agent
Sale Price: $1,925,000
Unit Price: $82.95 PSF
Ceiling: 19 ft.
Docks/Doors: 2 Docks, 5 Doors
Office SF: 9,628 SF
Drive In Bays: 5 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2021

Overview / Comments

Well located flex property in Bearden. Excellent access to I-40/75, Kingston Pike, and Northshore Drive. With fantastic dining, shopping, and recreational opportunities nearby this is one of the most convenient places to work in Knoxville. This property is well suited for a construction company due central regional location, interstate access, and proximity to construction supply and rental stores. This property is located in the flood plain and a portion of the property is in a railroad easement. The lease with the railroad is $780 per year plus the current CPI index (2020 was $796.32). 2,076 sf of 5911 Echo is leased for $24,912 per year, modified gross and renewals are to be negotiated between landlord and tenant. The current FEMA Flood Insurance Policy is $7,444 per year and if you'd like excess coverage, we have received a quote for $4,644.53 per year.
203 Letterman - 12,360 SF total (3,980 SF Garage and 8,380 SF Office)
5911 Echo - 9,600 SF warehouse with two (2) grade level doors and two (2) 10'x8' dock doors, 19' at eave, floor drains,
The Annex - 1,248 SF detached office

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 121BG005
Zoning: I-G - GENERAL INDUSTRIAL
Highway Access: Located in the heart of Bearden with easy access to I-40/75 at Papermill Road.
Area Description: Located in the heart of Bearden with easy access to I-40/75 at Papermill Road.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 44
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,599 49,930 168,161
Median Age: 46.23 37.28 35.09
Households: 1,516 22,885 70,282

Contact

Photograph of Listing Agent

Brian H. Tapp, CCIM

Avison Young KAAR CIE Member
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