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B&F Auto Sales and Parts 55 Workman Rd 60,000 SF 99% Leased Industrial Building Chattanooga, TN 37410 $6,800,000 ($113.33/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Property Information
±65,529 SF with lay down yard
4.23 Acres
$6,800,000
7% CAP Rate
Primary Tenant Lease through 2030 with two 5-year options and 3% rent escalations; Basement Sublease through 2026
I-H Zoning
Located in an established industrial park within 2 miles of US-27 and within 4 miles of I-24
Steel building with clear height ranging from 16-24’
Loading: 4 dock-high doors, 2 grade level doors
85 parking spaces
Traffic Count: 111,563 I-24; 28,579 US-27
±65,529 SF with lay down yard
4.23 Acres
$6,800,000
7% CAP Rate
Primary Tenant Lease through 2030 with two 5-year options and 3% rent escalations; Basement Sublease through 2026
I-H Zoning
Located in an established industrial park within 2 miles of US-27 and within 4 miles of I-24
Steel building with clear height ranging from 16-24’
Loading: 4 dock-high doors, 2 grade level doors
85 parking spaces
Traffic Count: 111,563 I-24; 28,579 US-27
PROPERTY FACTS
| Price | $6,800,000 | Rentable Building Area | 60,000 SF |
| Price Per SF | $113.33 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1912 |
| Cap Rate | 7% | Parking Ratio | 1.17/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.60 AC | Opportunity Zone |
Yes
|
| Zoning | M1 - Manufacturing/ industrial | ||
| Price | $6,800,000 |
| Price Per SF | $113.33 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.60 AC |
| Rentable Building Area | 60,000 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 1.17/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Manufacturing/ industrial |
AMENITIES
- Bus Line
- Fenced Lot
- Security System
- Storage Space
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Southern Spear Ironworks
- Wholesaler
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Tomahawk Crane And Rigging
- Wholesaler
- -
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Southern Spear Ironworks | Wholesaler | - | - | Lorem Ipsum | Jan 0000 | |
| Tomahawk Crane And Rigging | Wholesaler | - | - | - | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 3rd Fl-Ste D
- 820 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste D | 820 SF | Office | Full Build-Out | Now |
3rd Fl-Ste D
| Size |
| 820 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 167C-R-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $346,880 |
PROPERTY TAXES
Parcel Number
167C-R-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$346,880
CONTACTS
-
Oliver Smith -
Matthew Castle -
Brock Warwick -
Crosse Smith -
Oliver Smith Realty & Development Company
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B&F Auto Sales and Parts | 55 Workman Rd
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