Phipps Bend Industrial Park Warehouses

Industrial for Sale
Catylist Listing ID: 30265751
Property Subtypes: Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 112,000 SF
Gross Building Area: See Agent
Gross Land Area: 8.30 Acres
Sale Price: $3,157,895
Unit Price: $28.20 PSF
Ceiling: 26 ft. / 18 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Office SF: 8,000 SF
Drive In Bays: 2 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 11/15/2018

Overview / Comments

Investment Opportunity! 10+ Years of Income Producing Industrial Property! Property consists of two 56,000 sq ft adjacent warehouses on 8.3 acres in established Phipps Bend Industrial Park. Warehouses are in great condition with 6" reinforced concrete floors, pre-engineered steel construction with 18' ceiling height at eves and 26' at the center. 8,000 sq ft of office area. Large level gravel lot surrounding buildings. Excellent income and solid tenants.

Phipps Bend Industrial Park one of the largest industrial parks in northeastern Tennessee. A variety of manufacturers are located here including Mundet Inc., Tabco, MIS Inc., Lynx Machine & Tool Company, Dalton Stamp & Die, Homeland Vinyl Products Inc., Contour Industries Inc., Miyake Forging North America, Cooper Standard Automotive, Techni-Glass, Walker Forge Tennessee, and Ware Manufacturing. Also located at the park is a Tennessee College of Applied Technology (TCAT) campus.

See attached for park plat, radius map and links for news and further information on Phipps Bend Industrial Park.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Hawkins
Tax ID/APN: 066 080.20
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 56,000 SF
Property Condition: Excellent
Year Built: 1979
Parking Type: Surface
Eave Height: 18
Column Spacing: 25
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,255 9,416
Median Age: 42.62 42.88
Households: 910 3,897

Contact

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