E Main St Flex Building For Sale

Industrial for Sale
Sale Pending
Catylist Listing ID: 30783844
Property Subtypes: Flex Space, Light Industrial, Net Leased
Status: Pending
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
Unit Price: $116.67 PSF
Ceiling: 18 ft. Clear
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/12/2022

Overview / Comments

Fully leased 12,000 Square Foot flex building located on East Main Street in the heart of the development corridor of Chattanooga, TN. Two Tenants on triple net lease terms. Xpress Global Systems, LLC occupies 4,000 SF in Bay 3. Colortest Merch occupies 8,000 SF in Bays 1 & 2. Significant renovations performed in 2021 to prepare the property for its current tenants. Fully fenced with electronic access off of Main St and gated access from 14th St. Structural steel with partial brick and metal exterior. Each of the 3 bays are clear span with 14' eaves and 18' center heights. Bays 1 and 2 are conditioned. 3 restrooms and a kitchenette installed in CTM space. Shared access to drive in door located in Bay 3.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033146P E 01100P000
Tenancy: Multiple Tenants
Year Renovated: 2021
Parking Type: Surface
Eave Height: 14
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,089 78,231 140,670
Median Age: 27.27 35.16 36.88
Households: 3,196 31,642 58,185


Photograph of Listing Agent

Jack M Martin

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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