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Single-Tenant Industrial

106 Industrial Park Drive

106 Industrial Park Dr, Soddy-Daisy, TN 37379

Listing Price: $1,590,000

Cap Rate
6.37%
Gross SF
15,000
Price/Gross SF
$106.00
Lot Size
1.01 acres
Year Built
1994
Rentable SF
15,000

Investment Overview

106 Industrial Park Drive is a 15,000 sf, 2-story industrial building in Soddy Daisy, Tennessee. Built in 1994, the property features a reinforced concrete floor, 34-foot building height and 7,564 of Class A office space. A grade level roll-up door provides easy access into the 7,500 sf warehouse. The building is fully occupied by one tenant, JK Group, a digital ink manufacturer. The landlord is responsible for real estate property taxes, insurance and structural repairs to the roof, exterior walls, parking areas, sidewalks and gutters and downspouts. The tenant is responsible for all utilities, insurance on personal property and any increases in property taxes after execution of the lease. The initial term was signed in 2017 and ends on September 30, 2027. Soddy Daisy is located 17-miles northwest of Chattanooga. The Chattanooga industrial market is experiencing vacancy rates of only 2.2 percent and rents grew 5.1 percent in the past 12 months.

Investment Highlights

  • 6.37 percent Cap Rate
  • Fully occupied by single tenant
  • Lease term expires on 9/30/2027

Exclusively Listed By

Single-Tenant Industrial

106 Industrial Park Drive

Listing Price: $1,590,000

Cap Rate
6.37%
Gross SF
15,000
Price/Gross SF
$106.00
Lot Size
1.01 acres
Year Built
1994
Rentable SF
15,000

Investment Highlights

  • 6.37 percent Cap Rate
  • Fully occupied by single tenant
  • Lease term expires on 9/30/2027

Investment Overview

106 Industrial Park Drive is a 15,000 sf, 2-story industrial building in Soddy Daisy, Tennessee. Built in 1994, the property features a reinforced concrete floor, 34-foot building height and 7,564 of Class A office space. A grade level roll-up door provides easy access into the 7,500 sf warehouse. The building is fully occupied by one tenant, JK Group, a digital ink manufacturer. The landlord is responsible for real estate property taxes, insurance and structural repairs to the roof, exterior walls, parking areas, sidewalks and gutters and downspouts. The tenant is responsible for all utilities, insurance on personal property and any increases in property taxes after execution of the lease. The initial term was signed in 2017 and ends on September 30, 2027. Soddy Daisy is located 17-miles northwest of Chattanooga. The Chattanooga industrial market is experiencing vacancy rates of only 2.2 percent and rents grew 5.1 percent in the past 12 months.

Exclusively Listed By

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