Cleveland Industrial Park -Leased 12,680 sf Industrial Bldg

Industrial for Sale
Sale Pending
Catylist Listing ID: 30153106
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Status: Pending
Building Size (RSF): 12,680 SF
Gross Building Area: See Agent
Gross Land Area: 1.62 Acres
Sale Price: $499,900
Unit Price: $39.42 PSF
Docks/Doors: 7 Docks, 1 Door
Office SF: 680 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Usable Size (USF): 12,680 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

Overview / Comments

Property has existing 3 yr light indust. tenant, NNN lease as of 2/7/18.
Excellent location for manufacturing, warehouse, industrial facility with 12,000 sf of easily accessible warehouse space (approx 70' x 138' warehouse area); Receiving area (40' x 50'). Office area (25' x 21'): includes 1 private office, restroom (1 seat & 1 urinal, sink), secretary space, storeroom with shelving. 7 semi truck loading docks and 1 drive-in ramp load door. New gas heating and security system. Varco Pruden metal building - Galvaluminum Metal Roof in excellent condition.
3 phase power with drop down electric plugs throughout warehouse; 480 volt/ 600 AMP (addit. 225 AMP). Building in excellent condition and well constructed. Very adequate lighting- natural and electric. Area has city water, sewer and natural gas. 22' eaves/sidewalls. Property is gated and private! Parking for overnight trucks on property has the potential /space to double in warehouse sf/size for expanding company. The Seller will build out additional warehouse space to accommodate a larger facility

This property has the potential/space to double in warehouse s.f. if needed. The Seller will build out additional warehouse space to accommodate a larger facility

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland, TN
Tax ID/APN: 042 013.06
Zoning: IL
Property Located Between: Stuart Road and 20th St.
Highway Access: 2.8 miles from I-75
Airports: Cleveland Jetport that accommodates large jets is minutes away.
Site Description: 1.62 acres off of Old Tasso Rd; Has private drive with gate.
Area Description: Industrial/ manufacturing. Georgia Pacific across Street. Eaton Corp, Cormetech, Cleveland Plywood near/same vacinity
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,680 SF
Property Condition: Excellent
Year Built: 1996
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Steel Frame
Exterior Description: Metal Siding over steel frame
Parking Ratio: 253 (per 1000 SF)
Parking Type: Surface
Parking Description: Property on 1.62 acres so there is ample parking
Total Parking Spaces: 50
Column Spacing: uniform
Overhead Cranes: Undisclosed
Sprinklers: None
X-Phase: 3 phase power
Heat Type: Natural Gas, Propane, Suspended Radiant Heaters
Heat Source: Wall Units, Radiant
Air Conditioning: Window Unit
Lighting: Fluorescent, Halogen, Other
Internet Access: Cable, DSL, ISDN
Interior Description: In front door is reception area with secretarial section, 1 private office with door, 1 12x10 storage area with door and shelving, bathroom with 1 seat/ 1 urinal and sink. Then walking through reception and out into a receiving area with 7 loading docks and then into the warehouse space with a grade level loading door in rear of building
Zoning Description: IL or light industrial
Lot Frontage: 60' of Road frontage with the possibility of a property purchase adjacent that has an additional 146' road frontage. $100k
Lot Depth: 306' excluding the 320' of driveway.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 4265 Old Tasso Rd, Cleveland, Bradley County, TN 37312-5834; Tax ID 042 013.06; 1.62 acres Deed Book 1826, Page 962.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,715 33,894 69,006
Median Age: 36.89 35.32 37.1
Households: 724 12,989 26,474


Photograph of Listing Agent

Kimberly Ledford

RE/MAX R. E. Professionals Greater Chattanooga REALTORS® Member
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