This Industrial Property is Off-Market.

3021 Alton Park Boulevard
Chattanooga, TN 37410 ·

162,535 SF · Industrial For Sale

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FedEx Ground - Chattanooga, TN

Price N/A Cap Rate 8%
Building Size 162,535 SF Occupancy 100%
Property Type Industrial Tenancy Single
Property Sub-type Distribution Warehouse Lot Size 25.17 AC
Property Use Type Net Lease Investment with 9 years left on lease
Listing ID: 16073686 Date Created: 01/26/2009 Last Updated: 09/17/2009

Description

This new 162,535 square foot distribution center provides a premier opportunity for an investor to acquire a strategically located industrial property in a strong market for FedEx. The site was developed with room for a 32,076 square foot expansion, important for the investor as the returns from the improvements are quite attractive as well as the potential for a new lease term.

Built-to-suit for FedEx Ground on 25.17 acres, the property is located along the Tennessee-Georgia border. FedEx recognizes the property and location as a key to sustaining their long-term growth in the region with this semi-automated facility just a two hour drive to the FedEx Ground hub in Nashville, TN. Situated in the six county Chattanooga MSA with a population of over 50,000, this is a primary sorting operation for FedEx in the area, with shipments arriving via ground transportation that are then disbursed to the market. Chatanooga is at the junction of three major freeways, I-24, I-59 and I-75, and is within a one-day drive to 1/3 of the U.S. population.

Research

3021 Alton Park Boulevard, Chattanooga, TN 37410 (Hamilton County)

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