1409 E 51st St Industriel/Logistique 446 m² 50 % Loué À vendre Chattanooga, TN 37407 936 658 € (2 100,44 €/m²)

Introducing an industrial facility with easy access to I-24 and downtown Chattanooga!
This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable 6-inch thick reinforced concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power.
This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income.
Suite 103 (currently leased) offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater. The lease term for this suite ends October 14, 2029 and has gradual rent increases each year. Lease available upon request.
Suite 105 has 1 office, 1 bathroom, a kitchen with new appliances, a janitor’s closet and warehouse space that has a large commercial-grade gas heater. Currently available for lease!
Both sides are metered individually for water, gas and power. 10 parking spots are available to share between both suites.
Investment Highlights:
Whether you intend to use this building as an owner/user or intend to rent out both suites, the income potential on this property is considerable.
The net operating income from the current lease is approximately $37,200. If you apply a 6.2% cap rate, that provides a value of $600,000 in value. If you were to find another tenant, you could double the rent and double the value. Or you could use half of the building yourself and have half of the building paid for.