Catylist ID: #30398237
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|
|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|
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)
|Total Number of Buildings:||2|
|Proximity:||3 miles||5 miles|
James Roberson, SIOR, CCIMNAI Koella | RM Moore KAAR CIE Member
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