Industrial Flex Office Space

Industrial for Sale
Sale Pending
Catylist Listing ID: 30223128
Property Subtypes: Flex Space, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 24,263 SF
Gross Land Area: 2.33 Acres
Sale Price: $1,275,000
Unit Price: $52.55 PSF
Docks/Doors: 5 Docks
Office SF: 16,683 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Yarbough Business Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2018

Overview / Comments

A 24,263 square foot Industrial Flex Office Business Center FOR SALE. Located just off the Highway 153 business corridor in Chattanooga, TN. The building is subdivided into 8 suites ranging in size from 604 square feet to 5,000 square feet with the ability to subdivide into numerous custom size suites. Total existing office space is 16,683 with 7,580 square feet of flex space.

The property has a tremendous upside in that the building is 50% occupied. The property is for sale as a part of the Yarbrough family estate.

List price is $1,275,000 and Coop Broker commission is 3%.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 128E A 001.01
Zoning: M-1
Property Located Between: Amicola Highway and Highway 153, Chattanooga, TN
Highway Access: Yes, direct access to the Highway 153 Business Corridor.
Site Description: A well maintained Business Complex with industrial flex space available.
Area Description: Located off Amnicola Highway Industrial corridor directly across the street from Caterpillar Tractor Company on Highway 153.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1984
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Split face Block, Sto, and Steel
Parking Type: Surface
Sprinklers: Wet

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,343 39,495 126,094
Median Age: 44.85 39.37 38.11
Households: 1,026 16,938 53,310


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