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2401 Dutch Valley Dr

117,200 SF 100% Leased Industrial Building Knoxville, TN 37918 $4,300,000 ($37/SF)

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Executive Summary

NAI is pleased to present the opportunity to acquire a +/- 117,200 square foot multi-tenant industrial building for less than $37 per square foot. The building is located on 4.359 acres of land zoned Mixed-Use Industrial. The site has excellent visibility from I-640 with an average daily traffic count of 89,826.
A large portion of the building is being used as self-storage. Other tenants include a furniture warehouse, sports training, and a gym. The blended occupied rental rate is only $2.87/SF. CoStar has the market rental rate per area at $8.33/SF. This gives an investor a great opportunity to significantly increase its rate of return.
Note – This is an equitable interest sale offering. Also, a portion of the property lies in a flood zone per FEMA Flood Map (47093C0143G effective date August 05, 2013).

Property Facts

Price	$4,300,000	Rentable Building Area	117,200 SF
Price Per SF	$37	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1950
Property Type	Industrial	Parking Ratio	1.22/1,000 SF
Property Subtype	Warehouse General Retail Storefront Industrial Distribution FlexLight Distribution	No. Dock-High Doors/Loading	5
Building Class	C	No. Drive In / Grade-Level Doors	8
Lot Size	4.35 AC

Price	$4,300,000
Price Per SF	$37
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse General Retail Storefront Industrial Distribution FlexLight Distribution
Building Class	C
Lot Size	4.35 AC
Rentable Building Area	117,200 SF
No. Stories	2
Year Built	1950
Parking Ratio	1.22/1,000 SF
No. Dock-High Doors/Loading	5
No. Drive In / Grade-Level Doors	8