5225 S Middlebrook Pike Local d'activités 938 m² À vendre Knoxville, TN 37921 1 557 540 € (1 659,92 €/m²)

NAI Koella | RM Moore has been exclusively retained to market the property located at 5225 S. Middlebrook Pike in Knoxville, Tennessee for sale. This income producing property is leased to Lincare, Inc. for a customer care facility. The property is centrally located in the desirable Middlebrook Pike industrial corridor. The site contains 1.366 acres of land zoned I-MU (Industrial Mixed-Use). The property is improved with a 10,100 square foot building consisting of 3,400 square feet of office and 6,700 square feet of warehouse.
With Knoxville’s low industrial vacancy rate of 1.8%, no renewal options, and a below market rental rate, an investor has a strong likelihood to increase its rate of return when extending the lease.
The short term remaining on the lease also allows a user the opportunity to acquire the property for its future use while having the remaining rental income subsidize the purchase price.