Industrial, Multi-Tenant Warehouse 100% Leased

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30851944
Property Subtypes: Net Leased
Status: Pending/Contingent
Building Size (RSF): 31,900 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $2,100,000
Unit Price: $65.83 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/29/2023

Overview / Comments

31,900 SF divided into 5 separate spaces at approximately 6,380 SF each. 100% occupied with upcoming renewals allows for immediate value-add opportunity by raising rents. Current rents are well under market. Each space is separately metered for electricity, has roll up doors, heating, small office, restroom and separated by two-hour firewalls. Excellent location just minutes from I-75 and I-40.

Property to be surveyed and subdivided to approximately 3 Acres before closing. Square footage per public record. Do not disturb tenants.

Call Listing Agent for information.


Finance Data Year 2023
Real Estate Taxes - Annual($) $7,864 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 067 00301
Zoning: CB
Site Description: Level
Area Description: I-75 Emory Rd Exit, 3.5 miles to Clinton Hwy, property 400 yards north of Emory Rd intersection.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1960

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,602 34,768 100,641
Median Age: 39.62 38.25 36.85
Households: 2,996 13,756 41,112


Photograph of Listing Agent

Jim Staley, CCIM

Wallace Commercial ETNRCRE Member
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