Overview
- Updated On:
- October 3, 2024
Description
- Single-Tenant Industrial Absolute NNN Sale Leaseback in the Chattanooga MSA
- Fully Occupied by Strong Performing Plastic-Recycling Tenant | 2.5% Annual Escalations & Zero Landlord Responsibilities
- Over $800,000 Spent in Recent CapEx Improvements | Including New LED Lighting, Electrical Systems, All New HVAC Units, & Security Fence
- Property Features 1 Dock Height Roll Up Door with 14′ Ceiling Height in Warehouse Space
- Industrial Vacancy Within Chattanooga MSA Is Well Below Historical Average at Less Than 2.8%
- Ideally Located Less than 8 Miles from Chattanooga & 115 Miles from Atlanta | In Close Proximity to QCells which Recently Invested Over $2.5 Billion into Its Third Manufacturing
Property Id: 20360
Cap Rate: 10.29%
Building Size: 28,193 SF
Lot Size: 1.75 Acres
Year Built: 1970/2022
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Ani Paulson
Team Lead | Senior Director Investments
Ani Paulson and her team, focus on the analysis and disposition of office/industrial & ...