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Brockway Building 418-420 W Lake Ave 122,174 SF 100% Leased Industrial Building Rossville, GA 30741 $8,350,000 ($68.35/SF) 7% Cap Rate
Executive Summary
The Tashakorian Group of Marcus & Millichap is pleased to present 418 West Lake Ave, a 122,174-SF, multi-tenant, NNN-leased warehouse building. The Property is located in Rossville, GA, within the Chattanooga, TN–GA MSA, less than six miles from Downtown Chattanooga and approximately eight miles from Chattanooga Metropolitan Airport. The Chattanooga market benefits from a centralized regional location, providing efficient access to Atlanta, Knoxville, Nashville, and Birmingham.
Originally constructed in phases between 1967 and 1969, the Property has undergone substantial capital improvements in recent years. Notable upgrades include approximately 40% roof replacement, installation of new LED lighting, addition of a new grade-level door to allow cross drive-in access, removal of legacy silos, and parking lot improvements including new seal coating, restriping, and the addition of 25 parking spaces. The Property features thirteen dock-high doors and two grade-level doors.
» 100% LEASED TO TWO TENANTS ON NNN LEASES
» SMITH MILLWORKS OCCUPIES 80% OF THE PROJECT
» 3.0%-3.5% ANNUAL INCREASES
» RECENTLY RENOVATED WITH NEW OFFICES, CROSS DOCK ACCESS, PARTIAL ROOF REPLACEMENT AND MORE
» APPROX. 6 MILES TO DOWNTOWN CHATTANOOGA, TN
» EFFICIENT ACCESS TO ATLANTA, KNOXVILLE, NASHVILLE, AND BIRMINGHAM
Originally constructed in phases between 1967 and 1969, the Property has undergone substantial capital improvements in recent years. Notable upgrades include approximately 40% roof replacement, installation of new LED lighting, addition of a new grade-level door to allow cross drive-in access, removal of legacy silos, and parking lot improvements including new seal coating, restriping, and the addition of 25 parking spaces. The Property features thirteen dock-high doors and two grade-level doors.
» 100% LEASED TO TWO TENANTS ON NNN LEASES
» SMITH MILLWORKS OCCUPIES 80% OF THE PROJECT
» 3.0%-3.5% ANNUAL INCREASES
» RECENTLY RENOVATED WITH NEW OFFICES, CROSS DOCK ACCESS, PARTIAL ROOF REPLACEMENT AND MORE
» APPROX. 6 MILES TO DOWNTOWN CHATTANOOGA, TN
» EFFICIENT ACCESS TO ATLANTA, KNOXVILLE, NASHVILLE, AND BIRMINGHAM
Property Facts
| Price | $8,350,000 | No. Stories | 1 |
| Price Per SF | $68.35 | Year Built/Renovated | 1967/2023 |
| Sale Type | Investment NNN | Parking Ratio | 0.3/1,000 SF |
| Cap Rate | 7% | Clear Ceiling Height | 28’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 13 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B | Opportunity Zone |
Yes
|
| Rentable Building Area | 122,174 SF | ||
| Zoning | I-2 - Heavy Industrial zoning allows a range of industrial, manufacturing, warehousing, storage, and contractor uses. | ||
| Price | $8,350,000 |
| Price Per SF | $68.35 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Rentable Building Area | 122,174 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2023 |
| Parking Ratio | 0.3/1,000 SF |
| Clear Ceiling Height | 28’ |
| No. Dock-High Doors/Loading | 13 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I-2 - Heavy Industrial zoning allows a range of industrial, manufacturing, warehousing, storage, and contractor uses. |
Utilities
- Lighting
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
+/- 33,000 SF Section of Building 3
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 33,000 SF | Industrial | Full Build-Out | 30 Days |
1st Floor
| Size |
| 33,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 33,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 30 Days |
+/- 33,000 SF Section of Building 3
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,311,178 | |
| Land Assessment | $18,865 | Total Assessment | $1,330,043 |
Property Taxes
Parcel Numbers
Land Assessment
$18,865
Improvements Assessment
$1,311,178
Total Assessment
$1,330,043
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Brockway Building | 418-420 W Lake Ave
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