Value-Add Multi-Tenant Industrial

2401 Dutch Valley Drive, Knoxville, TN

$4,300,000

Price

117,200 sqft

Building Size

4.359 acres

Lot Area

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Overview
Building Size
117,200 sqft
Lot Area
4.359 acres
Floors
2
Description

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).

The subject property is centrally located in Knoxville Tennessee near the intersection of I-640 and Broadway.

Wet System

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