11,680 SF For Sale

Industrial for Sale
Catylist Listing ID: 30398237
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 11,680 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $36.39 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

Income producing property for sale.

2 industrial buildings totaling 11,680 square feet on a large 5.0 acre parcel zoned M-2 (Heavy Industrial) in the Niles Ferry Industrial Park in Vonore, TN.

Building 1 is 10,000 SF with minimal office, a mezzanine, 20’ eave height, two 16’ x 16’ drive-in doors, 3 phase power (300 A, 209Y/120V), 20’ eave height, and is currently leased for $3,500/mo modified gross.

Building 2 in 1,680 SF with minimal office and one 10’ x 10’ grade level door. Owner will lease back for 6 months - 1 year for $300/mo modified gross.

Taxes: $4,203 (2018)
NOI: +/- $39,645
Price: $425,000 ($36.39/SF | 9.3% cap rate)

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 028040.04
Total Number of Buildings: 2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,514 9,445
Median Age: 39.89 49.62
Households: 637 4,065


Photograph of Listing Agent

James Roberson, SIOR, CCIM

NAI Koella | RM Moore KAAR CIE Member
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