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Brand New Industrial Building For Sale 1409 E 51st St
4,800 SF Vacant Industrial Building Chattanooga, TN 37407 $935,999 ($195/SF) 7.95% Cap Rate
Investment Highlights
- Brand new
- Perfect for a variety of uses
- Clean and ready for owner/user or new tenant
Executive Summary
This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power.
This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income.
Suite 103 (currently leased) offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater. The lease term for this suite ends October 14, 2029 and has gradual rent increases each year. Lease available upon request. Lease available upon request.
Suite 105 is available for lease.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Security System
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- 1-800-GOT-JUNK?
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| 1-800-GOT-JUNK? | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite 105 offers 2,000 SF of warehouse space and approximately 400 SF of air-conditioned office space. With a fully-insulated 16'x16' garage door, a large commercial-grade heater, 3-phase 200-amp power, and 20' tall ceilings, a kitchen, and janitor's closet, this suite would easily accommodate a variety of purposes. This suite offers a great opportunity at $15.5 per SF per year, for a total of $3,100 per month. Optional renewal periods available with 10% rent increases per term.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 105 | 2,400 SF | Industrial | Full Build-Out | Now |
1st Fl - 105
| Size |
| 2,400 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 105
| Size | 2,400 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Suite 105 offers 2,000 SF of warehouse space and approximately 400 SF of air-conditioned office space. With a fully-insulated 16'x16' garage door, a large commercial-grade heater, 3-phase 200-amp power, and 20' tall ceilings, a kitchen, and janitor's closet, this suite would easily accommodate a variety of purposes. This suite offers a great opportunity at $15.5 per SF per year, for a total of $3,100 per month. Optional renewal periods available with 10% rent increases per term.
PROPERTY TAXES
| Parcel Number | 168P-B-032 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,840 |
PROPERTY TAXES
zoning
| Zoning Code | M1 (M1) |
| M1 (M1) |
Learn More About Investing in Industrial Properties
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Brand New Industrial Building For Sale | 1409 E 51st St
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