2045 Brookside Lane Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30795219
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.48 Acres
Sale Price: $495,000
Unit Price: $49.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/25/2022

Overview / Comments

Attention Investors! Excellent income producing warehouse for sale located in popular Brookside Industrial Park just off Stone Drive in Kingsport. This 10,000 sq ft warehouse is divided and occupied by two separate tenants. The 1.48 acre property has had the same owner for the last 23 years and has been well maintained and continually occupied. The front parking lot has recently been re- sealed and striped and repairs have been made to the loading dock walls. For more property details, see attached site survey.

Tenant 1 is Mariano Machine, designers and builders of aerospace and commercial machinery. Their lease runs until October 2024. Tenant 2 is Service Pro, a flooring installation company contracted with Lowes. Their lease runs until March 31st 2025. The Tenants are responsible for electric, gas and air conditioning. Each have their own heated and cooled warehouse and office space. The Landlord pays real estate taxes, water and insurance.

A busy and popular industrial park, other businesses include Carlton Scale, Gibson Heat Treat Inc, IRR, Industrial Reliability & Repair, United Refrigeration Inc, JB Auto Works, Apria Healthcare, Goodwill Industries, Joe Hudsons Collision Center, Mclain Heating & Cooling, Freeman Glass Service, Insight Polymers & Compounding, Universal Machine & Tool, Gillespie Inc, Johnstone Supply, Kingsport Heating & Air Conditioning and Fisher Auto Parts.

For more information or a personal tour please contact the listing agent, please do not approach the tenants.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082047AA00430

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,679 40,741 67,252
Median Age: 53.84 43.92 43.71
Households: 1,771 17,909 29,163

Contact

Photograph of Listing Agent

Jacqueline Lesley Hewitt

TCI Group - Jerry Petzoldt Agency, LLC NETAR CMLS Member
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