Hec Tina

Industrial for Sale
Sale Pending
Catylist Listing ID: 30172784
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 40,878 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $16.51 PSF
Ceiling: 25 ft.
Docks/Doors: 2 Docks
Office SF: 3,214 SF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 3/3/2020

Overview / Comments

Located near the Greeneville airport. Building has two 15,000 square foot bays, and one 10,000 square foot bay. There is 3214 square feet of finished office space. It has 6" smooth concrete floors with steel frame and metal cover. Ceilings are insulated. One bay is heated. Ceilings are 24 feet high.

Currently building is occupied by 2 tenants, one of which is current owner. Current owner may be interested in leasing space.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,892 (Annual)
Potential Rental Income $75,000 (Annual)
Gross Operating Income $75,000 (Annual)
Net Operating Income $55,908 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Plastic Innovations, Inc.
Is Renting? Yes
Annual Revenue $27,000 (Annual)
Options Three year option. Option to purchase - negotiable

Additional Details

Nearest MSA: Greeneville
County: Greene
Tax ID/APN: 030075 05300
Highway Access: 1.8 miles from U S Hwy 11-E, 12 miles from I-81.
Airports: Adjacent to Greeneville Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Arched
Construction/Siding: Block
Exterior Description: Masonry block
Parking Type: Surface
Sprinklers: None
X-Phase: 3
Water Service: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,781 30,552
Median Age: 40.22 41.7
Households: 6,186 12,518

Contact

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