Unique Industrial Flex Space with Great Location - Will Subdivide

Industrial for Lease
Catylist Listing ID: 30801099
Property Subtypes: Flex Space, Office Showroom, Warehouse/Distribution, Other
Contiguous Space: 25,000 SF
Building Size (RSF): 25,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.79 Acres
Lease Rate: $7.50 PSF (Annual)
Base Monthly Rent: $15,625
Lease Types: Modified Gross
In Opportunity Zone? Yes
Last Updated: 9/22/2022

Overview / Comments

This property features 25,000 SF of Industrial flex space with five 13 x 15 offices, five 12 x 12 offices, 1 conference room, 3 bathrooms and warehouse space with a large lay down yard. Additional offices are occupied by the owner. Property has 4 warehouse spaces, 2 upper and 2 lower. Warehouses feature a clear height that ranges from 12 ft to 15 ft (see floor plan) with 3 dock doors and 1 roll-up drive-in door. The lay down yard is fully fenced in and is approximately 0.48 acres. Location is right across the street from the Smokies Stadium development site, which will be a hub of activity soon.

Property owner is willing to subdivide the space. Attached to the listing is a floor plan and an example of a demised floor plan where the offices and warehouses can be demised into 2 spaces. Additional drive-in doors could be added to accomodate.

Expand All Available Space

Suite: 101 25,000 SF $7.50 PSF (Annual) Modified Gross
Space Available: 25,000 SF
Lease Rate: $7.50 PSF (Annual)
$15,625 (Monthly)
Lease Type: Modified Gross
Space Description: 10 offices, 1 conference room, 3 bathrooms, lobby area, 4 warehouse areas, large, fenced laydown yard.
Space Subcategory: Flex Space, Warehouse/Distribution
Date Available: 6/1/2022
Lease Term: 48 Months
Space Type: Relet
Conference Rooms: 1
Offices 10
Kitchen Yes
Tax Expenses $0.26 PSF (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 095HC018
Zoning: I-MU
Site Description: Level
Area Description: Take I-40 towards Downtown Knoxville. Take Exit 389 Hall of Fame Dr. Head towards East Magnolia Ave. Turn left onto East Magnolia Ave. Travel 0.3 miles and turn right onto Jessamine St. Follow the road which becomes Willow Ave for 0.2 miles. Property will be on the left.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1961
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,096 83,534 149,347
Median Age: 35.34 32.46 34.87
Households: 5,870 33,847 63,836
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