Opportunity Zone, Income producing Investment or Future Development

Industrial for Sale
Catylist Listing ID: 30403305
Property Subtypes: Flex Space
Building Size (RSF): 16,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.97 Acres
Sale Price: $1,550,000
Unit Price: $96.88 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Last Updated: 4/15/2019

Overview / Comments

(6) Tenants with a total income of $11,000.00
Tenant 1 - $1,500.00 plus $270.00 for monthly utilities (Lease expires 1/31/21)
Tenant 2 - $1,600.00 plus $250.00 for monthly utilities (Lease expires 10/31/19)
Tenant 3 - $3,200.00 plus $700.00 for monthly utilities (Lease expires 1/31/22)
Tenant 4 - $2100.00 (with 3% increases for years 2 & 3) $50 water/sewer & 15% electric/gas utilities (Lease expires 10/22/22)
Tenant 5 - $1,100.00 plus $150.00 for monthly utilities (Lease is Month to month w/ 30 day notice to vacate)
Tenant 6 - $1,500.00 month to month lease

Buyer to verify/review Square Footage, Acreage and Tenant Information/leases. Contact listing agent for questions or to schedule property tour.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145K D 02400
Zoning: U-IX-4
Airports: www.chattairport.com
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface

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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

Contact

Photograph of Listing Agent

Jon B Hughes

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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