Zenith Fuel Systems - Industrial Net Lease
Industrial
for Sale
| Catylist Listing ID: |
30638040 |
| Property Subtypes: |
Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased
|
| Building Size (RSF): |
108,898 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
12.70 Acres
|
| Sale Price: |
$2,900,000 |
| Unit Price: |
$26.63 PSF |
| Ceiling: |
16 ft. Clear |
| Docks/Doors: |
6 Doors |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.5% |
| Last Updated: |
7/28/2021 |
Overview / Comments
The TCI Group-Jerry Petzoldt Agency is pleased to offer for sale to qualified investors industrial property occupied by Zenith Fuel Systems at 14570 Industrial Park Rd in Bristol, Virginia. The site consists of 108,898 sq ft manufacturing facility on an estimated 12.7 acres. Zenith Fuel Systems has been the tenant at the facility for the last 30+ years since it was built in 1984. A new 5-year lease commencing September 1, 2020 through August 31, 2025 signals a continuing strong tenant commitment at this site. This property is the essential element of production and tenant could not continue or replicate their operations without the facility.
A well-maintained facility with roof warranty running through June 2035, clear heights of 16 feet, 6 loading areas, 3000-amp 480/277 volt power, modern HVAC and plumbing systems and full sprinkler system. The property is situated on Industrial Park Drive in a well established industrial and manufacturing park with close proximity to major north-south I-81 interstate. Other manufacturing and industrial companies in the direct area include Universal Fibers, Spig Industries and Home Pride. Property is directly across from power plant operated by Wolf Hills Energy, an affiliate of Constellation Power Source. See links for further city, county and economic development information.
Zenith Fuel Systems, founded in 1911 has been synonymous with quality, technology and leadership. The Zenith carburetors, kits and fuel systems components have been the first choice of almost every engine manufacturer for more than 95 years. Today, the company headquarters and a modern manufacturing facility is located in Bristol, Virginia, still offering original manufacturing equipment and replacement carburetors and kits. See link for further details.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$13,992 (Annual) |
Current Tenants
| Tenant Business Name |
Zenith Fuel Systems LLC |
| Website URL |
http://www.zenithfuelsystems.com/ |
| Industry Type |
Manufacturing |
| Is Renting? |
Yes |
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Washington |
| Tax ID/APN: |
122A 15 & 142 A 9A |
| Tenancy: |
Single Tenant |
| Year Built: |
1987 |
| Construction/Siding: |
Brick, Metal Siding |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,839 |
29,381 |
| Median Age: |
44.09 |
42.21 |
| Households: |
3,700 |
12,596 |
|
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The information presented herein is provided as is, without warranty of any kind.
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