SUNBELT RENTALS 455 Inman St W

10,656 SF Industrial Building Cleveland, TN 37311 $2,121,800 ($199/SF) 6% Cap Rate

Investment Highlights

  • Strong Corporate Guarantee - Sunbelt Rentals is one of the largest equipment rental companies in North America with over 1,100 locations nationwide
  • Spacious Lot – Sitting on a lot of 3.37 acres, the Building/Lot Coverage ratio is 7.25% offering ample industrial yard space.
  • Ease Of Access – Located off Inman St, a main corridor through Cleveland, and connecting to I-75 and other major highways
  • Increased Cash-flow – Sunbelt just signed a brand new 10-year lease at the location in 2022 with built in 3% annual increases.
  • Significant Tenant Capital Contribution - Sunbelt Rentals is investing over $1,000,000 of their own money to the sites construction cost
  • Recently Renovated – The 10,656 SF Building was recently renovated in 2023.

Executive Summary

Broker of Record
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $2,121,800
Price Per SF $199
Sale Type Investment
Cap Rate 6%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • Industrial Distribution
Building Class C
Lot Size 3.37 AC
Rentable Building Area 10,656 SF
No. Stories 1
Year Built 1972
Tenancy Single
Parking Ratio 5.63/1,000 SF
No. Drive In / Grade-Level Doors 8

Amenities

  • Storage Space

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Walk Score ®
Very Walkable (71)

zoning

Zoning Code IH (Heavy Industrial)
  • Listing ID: 33136528

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 455 Inman St W, Cleveland, TN 37311