FERGUSON BUILDING

Industrial for Sale
Catylist Listing ID: 30124104
Property Subtypes: Free-Standing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $80 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 8/7/2017

Overview / Comments

INVESTMENT PROPERTY FOR SALE!! 15,000sf WAREHOUSE located on Tidewater Drive in Kingsport, TN . Purchase is subject to current Ferguson Enterprises 14 year NNN Lease. Warehouse features 1400sf of Office space and 13,600 warehouse, 1-14ft rollup door, 2-12ft Dock doors, high intensity lighting, sitting on 2 acres and fenced.
7.5% CAP Rate GREAT INVESTMENT OPPORTUNITY!!

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Tenancy: Single Tenant
Year Built: 1997
Construction/Siding: Metal Siding

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,066 27,046 69,041
Median Age: 46.22 44.43 43.65
Households: 496 11,839 29,877

Contact

Photograph of Listing Agent

John Moody

Blue Ridge Propertie
NETAR CMLS Member
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