5225 South Middlebrook Pike
$1,800,000
5225 South Middlebrook Pike, Knoxville, TN 37921
10,100 sqft
Building Size
Details:
Description:
NAI Koella | RM Moore has been exclusively retained to market the property located at 5225 S. Middlebrook Pike in Knoxville, Tennessee for sale. This income producing property is leased to Lincare, Inc. for a customer care facility. The property is centrally located in the desirable Middlebrook Pike industrial corridor. The site contains 1.366 acres of land zoned I-MU (Industrial Mixed-Use). The property is improved with a 10,100 square foot building consisting of 3,400 square feet of office and 6,700 square feet of warehouse.
With Knoxville’s low industrial vacancy rate of 1.8%, no renewal options, and a below market rental rate, an investor has a strong likelihood to increase its rate of return when extending the lease.
The short term remaining on the lease also allows a user the opportunity to acquire the property for its future use while having the remaining rental income subsidize the purchase price.
The subject property is centrally located on Middlebrook Pike in Knoxville, TN.
Documents:
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| Flyer_5225_S_Middlebrook_Pk.pdf |
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