107,000 SF Industrial Building For Sale

Industrial for Sale
Catylist Listing ID: 30826731
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Research & Development, Warehouse/Distribution
Building Size (RSF): 107,000 SF
Gross Land Area: 18 Acres
Sale Price: $4,000,000
Unit Price: $37.38 PSF
Office SF: 5,000 SF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/18/2023

Overview / Comments

Over 107,000 square foot industrial property located in Tellico Plains, TN. The building is located on 18 acres which allows room for growth. The entire property is fenced which allows for secure outdoor storage. The exterior is concrete construction with new roof installed in 2015 with 18’ ceiling height, 1 drive-in door and (1) 12’ x 12’ door servicing a covered loading dock that can accommodate 5 trailers in section 2 of the building which is aprox 42,000 SF. The original section of the building (BLDG A) is aprox 60,000 SF with 5,000 SF of office and has dock access allowing 4 trailers. There is currently a short-term tenant in BLDG B. Please contact agent for more details.

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Additional Details

Nearest MSA: Athens
County: Monroe
Tax ID/APN: 06213600500
Area Description: Tellico Plains is located 30 minutes east of I-75 and with easy access to I-40, Monroe County offers eight industrial parks, a skilled workforce with many trade specialties, a low cost of living, and competitive workers compensation rates. Monroe County is also home to Hiawassee College, a four-year liberal arts college with four degree programs and eight associate degree programs. Companies such as Commercial Vehicle Group, Brunswick Boat Group, SeaRay, MasterCraft, Carlex Glass Company and JTEKT Automotive Tennessee are succeeding in this positive business environment. Beautiful rivers and lakes for water sports, the Cherokee National Forest for hiking, biking and horseback riding, golf at Rarity Bay’s Championship golf course, The Lost Sea - America’s largest underground lake – for adventure and antique shops in historic downtown’s for browsing and shopping combine to create a superb quality of life.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Fair
Year Built: 1967
Year Renovated: 1985
Construction/Siding: Concrete
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,579 2,252 3,926
Median Age: 40.36 40.98 40.71
Households: 634 915 1,555

Contact

Photograph of Listing Agent

Mary Ellen Kilburn

NAI Koella | RM Moore KAAR CIE Member
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