154 Judge Gresham Rd
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154 Judge Gresham Rd
13,800 SF Industrial Building Johnson City, TN 37615 $2,195,000 ($159/SF) 5.47% Cap Rate
Executive Summary
Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers boundless potential to accommodate a myriad of business ventures including manufacturing, processing, fabrication, construction, storage, or multi-tenant conversion, among many others. Opportunities of this caliber in this location rarely come to market, and this opportunity will not last long priced to sell at $2.195M. Call today to schedule your appointment!
Property Facts
Price | $2,195,000 | Rentable Building Area | 13,800 SF |
Price Per SF | $159 | No. Stories | 2 |
Sale Type | Investment or Owner User | Year Built | 2018 |
Cap Rate | 5.47% | Tenancy | Single |
Property Type | Industrial | Parking Ratio | 2.54/1,000 SF |
Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
Lot Size | 1.76 AC |
Price | $2,195,000 |
Price Per SF | $159 |
Sale Type | Investment or Owner User |
Cap Rate | 5.47% |
Property Type | Industrial |
Property Subtype | Warehouse |
Lot Size | 1.76 AC |
Rentable Building Area | 13,800 SF |
No. Stories | 2 |
Year Built | 2018 |
Tenancy | Single |
Parking Ratio | 2.54/1,000 SF |
No. Dock-High Doors/Loading | 1 |
Amenities
- Fenced Lot
- Front Loading
- Security System
- Yard
- Storage Space
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Tri-City Air Conditioning Co
- Retailer
- -
- -
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Tri-City Air Conditioning Co | Retailer | - | - | Jan 0000 |
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PROPERTY TAXES
Parcel Number | 012-026.05 | Improvements Assessment | $350,640 |
Land Assessment | $43,200 | Total Assessment | $393,840 |
PROPERTY TAXES
Parcel Number
012-026.05
Land Assessment
$43,200
Improvements Assessment
$350,640
Total Assessment
$393,840
zoning
Zoning Code | I-1 (light industrial zone) |
I-1 (light industrial zone) |
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154 Judge Gresham Rd
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