The Summit at Oak Ridge

Industrial for Sale
Sale Pending
Catylist Listing ID: 30810980
Property Subtypes: Flex Space, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 30,000 SF
Gross Land Area: 14.89 Acres
Sale Price: $1,995,000
Unit Price: $66.50 PSF
Docks/Doors: 1 Dock
Office SF: 5,000 SF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 30,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

Incredible opportunity for a ±30,000 SF office/warehouse building with expansion potential.

Property Features:
– Concrete walls, perimeter fenced with electric gates
– ±5,000 SF of offices
– ±10,000 SF of highly secure vault storage (both temperature and
humidity controlled environment)
– ±15,000 SF of high bay warehouse storage, electronically secured
with a Faraday Cage
– Dedicated receiving room with elevated transfer dock and 14x14
roll up door
– Pre-designed and graded for an additional ±15,000 SF high bay
– Many power and HVAC redundancies, including industrial backup
power diesel generator
– In the heart of Oak Ridge, only 15 minutes to West Knoxville
– Two (2) entrances from Illinois Avenue (aka Pellissippi Parkway
aka Highway 62) to Summit Drive. One entrance is the new
flyover/clover leaf leading directly to site (Centrifuge Way exit and
on ramp)

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001106GA00200
Zoning: I-2
Airports: McGhee Tyson Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2005
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Parking Description: 19 parking spaces + 1 handicap
Total Parking Spaces: 20
X-Phase: 3
Heat Type: Propane
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,214 21,162 37,214
Median Age: 38.42 42.02 41.92
Households: 1,612 9,397 15,775


Photograph of Listing Agent

Brian H. Tapp, SIOR, CCIM

CBRE, Inc. KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth, CCIM

CBRE, Inc. KAAR CIE Member
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