Sweetwater Industrial

Industrial for Sale
Catylist Listing ID: 30806890
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 43,358 SF
Gross Building Area: See Agent
Gross Land Area: 9.52 Acres
Sale Price: $2,835,625
Unit Price: $65.40 PSF
Ceiling: 23 ft. / 21 ft. Clear
Docks/Doors: 6 Docks, 6 Doors
Office SF: 4,156 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

43,358 SF building in Sweetwater Industrial Park for sale currently occupied by injection molding manufacturing business. Building constructed in 1996 as 23,358 SF structure with immediate 20,000 SF expansion. 2-Story 4,156 SF of office space and additional 1,000 SF shop space with separate conditioning. Initial building has wet sprinkler system. Ceilings are 18'-23' with 21' clear height at center. Property has 6 docks with two 12' and two 9' doors as well as one 16' drive-in door. 3-Phase Power. Site is within 3 miles of I-75 easily reaching the region. Existing lease expires 3/31/2023 with tenant planning to vacate. Additional 5.98 of excess land.

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 06201519901
Area Description: Sweetwater Industrial Park is in the heart of Sweetwater, TN with easy access to Knoxville and Chattanooga via I-75. The Property is located in the city of Sweetwater in Monroe County, Tennessee within the Sweetwater Industrial Park, which is located near the intersection of US Hwy 11 and TN SR-322. To the west is Industrial Park Road followed by an industrial property, to the north and south are industrial properties and to the east is vacant tracts of land. The neighborhood runs in a ribbon like manner along Hwy 322. The neighborhood is defined by Interstate Hwy 75 to the north and west, US HWY 411 and TN SR-68 to the south, and TN SR-72 to the east. The neighborhood is located just north of Sweetwater’s downtown district and is located in a rural area with large tracts of land and single family homes fronting along Hwy 322. The neighborhood provides good linkage to Hwy 11, which is a main artery throughout the City of Sweetwater and intersects with Hwy 68. Highway 68 provides good linkage to Interstate 75. The neighborhood is also convenient to the area school system, employment, shopping, and dining. The subject property is centrally located near several major automotive plants such as; 30 minutes from DENSO, 3 hours from Nissan, 3 hours from Toyota, 3 hours from Mercedes, 4 hours from BMW, 5 hours from Hyundai, and 5 hours from KIA.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1996
Parking Type: Surface
Eave Height: 23
Column Spacing: 25'
Sprinklers: Wet, Other
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Ceiling Units
Lighting: Fluorescent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,204 8,444 13,882
Median Age: 42.37 40.93 40.65
Households: 503 3,405 5,421

Contact

Photograph of Listing Agent

Jay Cobble, CCIM, SIOR

Providence Commercial Real Estate NETAR CMLS Member
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