Thermo Fisher Net Leased Investment

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30805930
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 49,750 SF
Gross Building Area: See Agent
Gross Land Area: 8.47 Acres
Sale Price: $3,950,000
Unit Price: $79.40 PSF
Ceiling: 22 ft.
Docks/Doors: 7 Docks, 7 Doors
Office SF: 3,600 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.7%
Last Updated: 11/8/2022

Overview / Comments

-Outstanding Net Leased Industrial Investment Opportunity
-Tenant is subsidiary of Thermo Fisher Scientific, a Fortune 100 company
- Tenant in place for 20 years, providing packaging and distribution function supporting an adjacent Thermo Fisher scientific glass manufacturing operation
- New 6 year lease extension; 6 years, 5 months remaining as of June 1, 2022
- Minimal landlord responsibilities (structural and HVAC maintenance)
- Below market rents provide substantial long-term upside
- Full wet sprinkler system
- Fully heated and cooled, including warehouse
- 1600 amps, 120-208 v, 3 phase
- Outstanding East Tennessee location, with direct access to I-40 only 3.4 miles
- Total SF of approximately 49,750, including approximately 3,600 of office
- 220 paved parking spaces
- 8.47 ac site
- See brief for more financial information; Additional information available with NDA
- Disclosure: Principals of Market Realty, LLC have an ownership interest in the listed property.
- Disclaimer: Information provided herein was gathered from sources believed to be reliable, but neither the seller nor Market Realty, LLC make any representations regarding that information, and any prospective purchaser will perform its independent due diligence regarding same. The rights and obligations of purchaser and seller will be governed solely by the terms of a definitive written agreement of purchase and sale.

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 073044 03215
Zoning: I-3, HEAVY INDUSTRIAL
Highway Access: I-40 to Hwy 27
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Construction/Siding: Metal Siding
Sprinklers: Wet
Amps: 1,600
Volts: 208
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: LED
Zoning Description: I-3, Heavy Industrial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,574 5,633 13,618
Median Age: 49.47 45.29 44.76
Households: 581 2,261 5,648

Contact

Photograph of Listing Agent

Greg McWhorter

Market Realty, LLC KAAR CIE Member
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