Net Leased Credit Tenant Industrial

Industrial for Sale
Sale Pending
Catylist Listing ID: 30338423
Property Subtypes: Light Industrial, Net Leased, Truck Terminal, Warehouse/Distribution, Other
Status: Pending
Building Size (RSF): 100,000 SF
Gross Building Area: See Agent
Gross Land Area: 6.85 Acres
Sale Price: $3,740,689
Unit Price: $37.41 PSF
Docks/Doors: 10 Docks
Office SF: 1,000 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Average Occupancy Rate: 100
Last Updated: 1/14/2019

Overview / Comments

Single Tenant Net Leased Industrial. Credit tenant, GA Pacific. 8.5 years left on lease term. Building is used for GA Pacific's cross-dock use. Lease runs through 3/31/2027 with two (5) year options. Minimal landlord responsibilities. Room for expansion.

Attachments & Media

Current Tenants

Tenant Business Name GA Pasific
Industry Type Manufacturing
Is Renting? Yes

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 050 027.00 000
Zoning: LIGHT INDUSTRIAL
Highway Access: Less than 5 miles to Interstate 75.
Airports: Cleveland Regional, Chattanooga Airport
Site Description: 6.85 Acres, fully improved. Room for expansion.
Area Description: Heavily industrialized area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 100,000 SF
Property Condition: Good
Year Built: 1971
Year Renovated: 2016
Construction/Siding: Brick
Sprinklers: Wet
Heat Type: Natural Gas
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,406 29,921 70,307
Median Age: 34.24 35.38 37.17
Households: 1,962 11,354 27,022
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