10376 Wallace Alley Office Warehouse-VIDEO TOUR

Industrial for Sale
Catylist Listing ID: 30002330
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $607,220
Unit Price: $60.72 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 10.71%
Last Updated: 9/21/2017

Overview / Comments

Attractive 10,000 sq ft office warehouse in established Northeast Tennessee Business Park (NETBP) is now For Sale. Building has 5,000 sq ft office area with 10 offices, conference room, large kitchen/break room and large reception room along with 5,000 sq ft warehouse area. Facility situated on 1.25 acres, see attached for property plat, identified as Lot 2R2. Pro forma CAP rate of 10.7. Adjoining 1 acre vacant lot also for sale, see separate listing. Competitively priced, owner motivated!

The Northeast Tennessee Business Park is a 150 acre park designated a FOREIGN TRADE ZONE and designed to accommodate professional office, technology, service businesses and light industrial users.

Immediate access to Tri-Cities Regional Airport, Northeast State Community College, and I-81 with Kingsport, Johnson City and Bristol within easy commute. Multiple office and industrial facilities within this popular business park are available, view VIDEO TOUR link and attached property brochure for overview of the 5 property portfolio.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Submarket Type: Airport District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,156 8,202 41,268
Median Age: 47.95 44.65 43.66
Households: 831 3,272 17,142
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