9 Cap Single Tenant Investment

Industrial for Sale
Sale Pending
Catylist Listing ID: 30705416
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 6,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $495,000
Unit Price: $75 PSF
Ceiling: 20 ft.
Office SF: 2,200 SF
Drive In Bays: 4 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2021

Overview / Comments

Located in Soddy Daisy's industrial park just a mile from Hwy 27, this fully leased 6,600 SF building is divided into three sections: 2,200sf Office, 2,200sf Warehouse and 2,200sf Storage/Warehouse. The office section has four offices, a receptionist space, lobby, kitchenette and bathrooms. The warehouse and storage areas have a mezzanine, four roll up doors (two in the front and two in the rear), 8x10 cubicles for storage and bathroom. Built in 1995, this building has been well maintained and the entire space is heated and cooled.

Landlord pays the taxes and insurance. Long term tenant.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033073 11122
Property Located Between: Dayton Pike and Consolidated Drive
Highway Access: Quick access to Hwy 27
Airports: Chattanooga Airport
Site Description: The building sits on .48 acres and is on a cul-de-sac in the industrial park.
Area Description: The building is located in Soddy Daisy's industrial park.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,600 SF
Property Condition: Good
Year Built: 1995
Construction/Siding: Metal Siding
Parking Type: Surface
Total Parking Spaces: 15
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,413 14,696 45,084
Median Age: 39.17 41.41 41.55
Households: 651 5,812 17,762


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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