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3045 Union Rd 21,250 SF 100% Leased Industrial Building White House, TN 37188 $4,250,000 ($200/SF) 3.87% Cap Rate

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EXECUTIVE SUMMARY

Long-term leased investment with contractual 4% annual rent increases, including a scheduled increase effective May 1st, providing predictable NOI growth and improving yield without additional capital investment.
Above listed NOI and Cap Rate based on Year 2. Property is sold subject to the existing lease.
From White House Exit, the building is only .03 of a mile from I-65, and right off of Hwy 76 .

PROPERTY FACTS

Price $4,250,000
Price Per SF $200
Sale Type Investment
Cap Rate 3.87%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 1.72 AC
Rentable Building Area 21,250 SF
No. Stories 1
Year Built 1988
Clear Ceiling Height 28’6”
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 2
Zoning I-1 - manufacturing and warehousing districy

AMENITIES

  • Conferencing Facility
  • Mezzanine
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Perimeter Security Fence

UTILITIES

  • Lighting - Metal Halide

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
106-119.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$267,400
  • Listing ID: 32670680

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 3045 Union Rd, White House, TN 37188

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