9525 Macon Rd
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9525 Macon Rd
59,175 SF 100% Leased Flex Building Cordova, TN 38016 $5,850,000 ($99/SF) 8.18% Cap Rate
Investment Highlights
- Triple Net Investment
- Flex Space
- Outside Storage
Executive Summary
This investment sale offers value-add opportunities with an industrial/flex product development priced at $5,850,000 and an 8.18% cap rate. The property spans 66,175 square feet and is located in an area with a vacancy rate nearing 0%. Additionally, it features more than two acres of outside storage capacity or potential for future building expansion. The property is 100% leased and provides ample parking.
Property Facts
| Price | $5,850,000 | Lot Size | 7.55 AC |
| Price Per SF | $99 | Rentable Building Area | 59,175 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.18% | Year Built | 1985 |
| Property Type | Flex | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 23 FT |
| Building Class | B |
| Price | $5,850,000 |
| Price Per SF | $99 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 7.55 AC |
| Rentable Building Area | 59,175 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 1.21/1,000 SF |
| Clear Ceiling Height | 23 FT |
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | D0-215-0-0417C | Improvements Assessment | $654,880 |
| Land Assessment | $179,640 | Total Assessment | $834,520 |
PROPERTY TAXES
Parcel Number
D0-215-0-0417C
Land Assessment
$179,640
Improvements Assessment
$654,880
Total Assessment
$834,520
zoning
| Zoning Code | IH (Heavy Industrial - Allows for a very wide variety of uses) |
| IH (Heavy Industrial - Allows for a very wide variety of uses) |
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9525 Macon Rd
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