NNN Industrial-Etowah, TN

Industrial for Sale
Sale Pending
Catylist Listing ID: 30648759
Property Subtypes: Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Status: Pending
Building Size (RSF): 60,000 SF
Gross Building Area: See Agent
Gross Land Area: 12.20 Acres
Sale Price: $2,800,000
Unit Price: $46.67 PSF
Ceiling: 28 ft. / 24 ft. Clear
Docks/Doors: 10 Docks
Office SF: 1,500 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.71%
Average Occupancy Rate: 100
Last Updated: 10/29/2020

Overview / Comments

NNN Investment with credit tenant. Rent to commence October 1st. 5 year lease.

60,000 SF warehouse (inc 1,500 SF office) located in North Etowah Industrial Park off US Hwy 411 in Etowah, TN. Warehouse has 10 dock doors and 2 drive-in bays; T-8/LED lighting; new fire sprinkler system; new pit levelers, dock seals and dock locks. Property is shadowed by Waupaca Foundry's manufacturing facility.
Priced below replacement value!

Attachments & Media

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054097 01900
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2001
Year Renovated: 2020
Construction/Siding: Metal Siding
Sprinklers: Wet
Lighting: LED

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,982 18,476
Median Age: 44.53 42.94
Households: 2,017 7,411


Photograph of Listing Agent

Josh Fox

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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