Catylist ID: #30317308
Industrial for Sale
|Catylist Listing ID:||30317308|
|Property Subtypes:||Flex Space, Free-Standing, Light Industrial, Net Leased, Warehouse/Distribution|
|Building Size (RSF):||9,208 SF|
|Gross Building Area:||11,327 SF|
|Gross Land Area:||1.50 Acres|
|Unit Price:||$24.44 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Building Name:||McFarland Place|
|Usable Size (USF):||9,208 SF|
|Sale Terms:||Cash to Seller, Other|
|Average Occupancy Rate:||66|
Overview / Comments
McFarland Place consists of over 11,000 square feet divided among 4 office/ warehouse condo units.
Suite's 1-3 are offered For Sale as a package, net leased investment.
Suite 4 has a separate owner.
Suites 1-3 consist of 9,208 square feet, containing both warehouse, and office space. Suite's 1 & 3 are currently leased to long term tenant's, with good rental history.
The space is currently 66% leased. This offers a 7% cap rate. Once the 3 condo's are fully leased, this investment will offer a 12% cap rate!
|Taxing Authority:||Walker County|
|Tax ID/APN:||2021 016|
|Property Located Between:||Salem Road & GA 2|
|Highway Access:||Minutes from Hwy 27, with easy access to I75 and I24.|
|Airports:||Chattanooga Metropolitan Airport|
|Site Description:||Site consists of 1.5 acres, 1 building, 1 level, 4 suites consisting of office and warehouse space, ample parking for all, and access to roll up doors.|
|Area Description:||Area is surrounded by industrial, commercial, and residential properties.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Exterior Description:||Brick, 1 level, 4 condo units consisting of office and warehouse space.|
|Air Conditioning:||Package Unit|
|Interior Description:||Mix of office and warehouse.|
|Legal Description:||Ptll 65 9/4 Landlot: 65 Landdist: 9/4|
|Proximity:||1 mile||3 miles||5 miles|
Judy WebsterKeller Williams Realty Greater Chattanooga REALTORS® Member
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