Historic Former Buster Brown , and Gerber Headquarters

Industrial for Sale
Catylist Listing ID: 29802935
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 165,800 SF
Gross Land Area: 11 - 15 Acres
Sale Price: $4,100,000
Unit Price: $24.73 PSF
Ceiling: 25 ft.
Docks/Doors: 5 Docks, 5 Doors
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Buster Brown
Sale Terms: Undisclosed, Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 25
Last Updated: 8/25/2021

Overview / Comments

165,800 sqft Business incubator 30% occupied with gross monthly income $52,314 and annual gross income $627,768. The former Buster Brown headquarter is a sprawling gated office/warehouse facility on +/-20 acres. With over 900 parking spaces available and a large office/warehouse this would serve as an excellent business headquarters or investment opportunity. The main building has over 300 offices and also includes conference rooms, training areas, break rooms, multiple stall bathrooms, and much more. Most sections of the roof have been replaced in the last year and a new HVAC system has been installed. The space has been environmentally tested for air quality. There is also a 7,000 sq ft warehouse area with multiple bays, 12' ceilings, and a large elevator. There are 4 inch concrete and wooded floors throughout. New led lighting has been installed in the building.
A electronic / security gates/ Complete high fencing and guard house provide additional security for the property. Green spaces for employees are also scattered throughout the property. PROPERTY HAS SEVERAL GREEN FEATURES: NEW WINDOWS, LED LIGHTING, ENERGY STAR WINDOWS, ENERGY RATED HOT WATER,Multiple new HVAC systems, and Mini Splits .

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033136L E 01100
Zoning: M-1
Market Type: Large
Property Located Between: Downtown, airport, Tennesseee River , Hospitals .
Side of Street: Northwest
Road Type: Paved, Highway, Highway Service Drive, Outlot
Transportation: Bus, Shuttle, Rail, Highway, Airport, Taxi, Other
Highway Access: Very easy to access aminicola hwy, hwy 153, and hwy 24, interstate 75
Airports: Chattanooga TN, Lovel field
Site Description: 8 acres +- Paved , with Large building
Area Description: Great area only minutes from major hospitals, industrial areas, transportation etc.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 45,000 SF
Year Built: 1920
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick original Old Character remains , with mixture of some new windows and old warehouse windows.
Parking Ratio: 6.4 (per 1000 SF)
Parking Type: Surface
Parking Description: NEWLY PAVED, 1400 - 1600 fenced parking areas, shaded waiting areas for busses etc.
Total Parking Spaces: 900
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Gigabit, Fiber Optic
Interior Description: Property is secure with several areas that can be made to badge entrance only. Whatever you want.
Zoning Description: M-1 - Heavy Insustrial
Lot Frontage: 750+-
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Water Rights, Utilities, Other
Land Ownership: llc
Legal Description: of record

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,765 58,447 154,720
Median Age: 34.97 35.21 37.1
Households: 2,637 22,934 65,970

Contact

Photograph of Listing Agent

Jonathan Campbell

Keller Williams Realty Greater Chattanooga REALTORS® Member
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