2401 Dutch Valley Dr - Warehouse FOR SALE


Knoxville, TN 37918
$4,300,000 USD
865-806-9003
2401 Dutch Valley Dr, Knoxville, TN for Sale
$4,300,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

2401 Dutch Valley Dr
Knoxville, TN 37918


OVERVIEW

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).

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

8

PARKING SPACES

143

LAND DETAILS

LAND ACRES

4.35

LAND SF

189,486

ZONING

I-MU

APN/PARCEL ID

069DA-016

ASK ABOUT THIS PROPERTY

James RobersonNAI Koella | RM MooreMore Info
865-806-9003

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James RobersonNAI Koella | RM MooreMore Info
865-806-9003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.