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Kingsport Flex Industrial Investment 444 Center St 7,750 SF Flex Building Kingsport, TN 37660 $950,000 ($122.58/SF) 9.79% Cap Rate

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Investment Highlights

7,750+/- Flex Industrial Investment
Built in 1983

Long Term Tenant in Place
B-2 Zoning

Executive Summary

Sale/Leaseback opportunity in Downtown Kingsport. 444 W Center Street is an approximately 7,750 SF flex industrial single tenant building with an existing lease in place. Building sits on .38 acres with 3 Phase power, a drive in door and 16' clearance in the warehouse.

444 West Center Street

Property Facts Under Contract

Price	$950,000	Lot Size	0.51 AC
Price Per SF	$122.58	Rentable Building Area	7,750 SF
Sale Type	Investment NNN	No. Stories	1
Cap Rate	9.79%	Year Built/Renovated	1974/1983
Sale Condition	Sale Leaseback	Tenancy	Single
Property Type	Flex	No. Drive In / Grade-Level Doors	1
Property Subtype	Light Manufacturing Flex Research & Development Flex Showroom Showroom	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$950,000
Price Per SF	$122.58
Sale Type	Investment NNN
Cap Rate	9.79%
Sale Condition	Sale Leaseback
Property Type	Flex
Property Subtype	Light Manufacturing Flex Research & Development Flex Showroom Showroom
Building Class	C
Lot Size	0.51 AC
Rentable Building Area	7,750 SF
No. Stories	1
Year Built/Renovated	1974/1983
Tenancy	Single
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.