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FleetPride Industrial Investment 2 Industrial Properties Offered at $2,898,240 in Multiple Locations
Executive Summary
The Charles Hawkins Co. is pleased to exclusively offer for sale the FleetPride Industrial Portfolio, a 100% leased, two-building industrial offering totaling 33,788 total square feet across 1.5 acres. The portfolio consists of a 12,608 SF industrial building on 0.47 acres in Chattanooga, Tennessee, and a 21,180 SF industrial building on 1.03 acres in Memphis, Tennessee.
6.25% cap rate based on a combined NOI between the two buildings of $181,140 (rent starting on June 1, 2026).
Sale Price: $2,898,240
Well below replacement cost
1% Annual rental escalations
Memphis lease expires May 31, 2033
Chattanooga lease expires May 31, 2031
6.25% cap rate based on a combined NOI between the two buildings of $181,140 (rent starting on June 1, 2026).
Sale Price: $2,898,240
Well below replacement cost
1% Annual rental escalations
Memphis lease expires May 31, 2033
Chattanooga lease expires May 31, 2031
Property Facts
| Price | $2,898,240 | Number of Properties | 2 |
| Price / SF | $79.17 / SF | Individually For Sale | 0 |
| Cap Rate | 6.25% | Total Building Size | 36,608 SF |
| Sale Type | Investment | Total Land Area | 1.50 AC |
| Status | Active |
| Price | $2,898,240 |
| Price / SF | $79.17 / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,608 SF |
| Total Land Area | 1.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
FleetPride
2000 E 24th Street Pl, Chattanooga, TN 37407 |
Industrial | 12,608 SF | 1981 | - |
| 3259 Millbranch Rd, Memphis, TN 38116 | Industrial | 24,000 SF | 1988 | - |
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FleetPride Industrial Investment
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