Industrial/Manufacturing Warehouse in Southside

Industrial for Lease
Catylist Listing ID: 30047529
Property Subtypes: Manufacturing, Light Industrial, Net Leased, Research & Development, Warehouse/Distribution
Contiguous Space: 16,904 SF
Building Size (RSF): 16,904 SF
Gross Land Area: 0.97 Acres
Lease Rate: $4.50 PSF (Annual)
Base Monthly Rent: $6,339
Lease Types: NNN
Building Name: Southeastern Tool and Design
Usable Size (USF): 16,904 SF
Last Updated: 12/22/2017

Overview / Comments

This industrial building is currently home to the machine shop named Southeast Tool and Design. They are moving to a larger property. The owner needs about 60-days in order to move.

This property is located in the South Side submarket of Chattanooga just off of South Broad St. near Finley Stadium. It is a great building which was renovated in 2011. It has about 14,000 SF of shop space which is fully insulated and heated. Interior ceiling height is about 28 feet clear in the center and 20 feet at the eaves. There are 7 drive-in doors but no dock door. It has a new roof and the insulation is new also. Along the sides of the eaves of the building are crane rails but no crane is in place.

The front offices are very attractive with tiled columns and tiled floors. The previous owner was in the tile business. There are four offices downstairs plus a break room, conference room, storage room and reception area. There is also a second floor office area with 7 offices, a kitchenette and conference room. If the upstairs office is not needed, it can be subleased because it has separate and lockable entrance. Probably could be leased for about $1,600/month.

The property is fully fenced and has a rear gate and front gate. All of the drive area within the fence is concrete.

The owner will taking all of his machine shop tools and equipment, office furniture, phone system and 2 shop fans.

Owner will consider selling the property for $1,400,000.

Expand All Available Space

Suite: 1 16,904 SF $4.50 PSF (Annual) NNN
Space Available: 16,904 SF
Lease Rate: $4.50 PSF (Annual)
$6,339 (Monthly)
Lease Type: NNN
Date Available: 6/1/2017
Space Type: New
Tax Expenses $0.41 PSF (Annual)
Operating Expenses $0.06 PSF (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 145K D 027
Zoning: U-IX-4
Property Located Between: Just off South Broad near UTC Football Stadium
Highway Access: I-24 and Hwy 27
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade.
Area Description: Site is accessed easily via I-24 or I-24. Located in the growing Southside submarket just off of South Broad St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1960
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: Steel Frame
Exterior Description: Metal building paint brown.
Parking Ratio: 1 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: All of the parking within the fence has a concrete base. Parking along the side is striped. Parking is also allowed along the street in front.
Total Parking Spaces: 15
Overhead Cranes: 1
Sprinklers: Wet
Amps: 800
Volts: 220
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Engineered System
Lighting: Metal Halide
Interior Description: See floor plans
Lot Frontage: 120
Lot Depth: 250
Water Service: Municipal, None
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,751 53,228 125,478
Median Age: 32.03 34.08 36.45
Households: 2,699 20,970 51,797


Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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