990 Epco Drive, Dandridge, TN
Industrial for Sale - $600,000 - 25,000 Sq. Ft. on 5.17 acres
Property Info
| CIMLS# | 840527 |
| Location 990 Epco Drive Dandridge TN 37725 | |
| Updated | April 10th, 2016 |
| Type | Industrial |
| Price | $600,000 |
| Building | 25,000 Sq. Ft. |
| Land | 5.17 acres |
Property Description
Two-building warehouse on 5.17 acres, with a combined total square footage of 25,000. Warehouse is currently leased, providing immediate income to prospective buyers. Available utilities are electricity, water, sewer, and gas. Current 3-year lease expires 3/31/2017. (Tenant exercised one of his two 3-year options with rent increases.)
Location Description:
Located in an industrial/business park off Exit 417 in Dandridge, with easy access to I-40 and just minutes from I-81.
Highlights:
>> Fully leased warehouse for immediate income; 10.32% cap rate
>> Single tenant exercised the first 3-year renewal option, through 3/2017
>> Single tenant has available a second 3-year renewal option
>> Ideal location near I-40 and I-81in an industrial park
>> Situated on approximately 5.17 acres
>> Electricity, Water, Sewer, and Gas available
* Email for additional photos
Financials
Cash, conventional loan, or terms acceptable to seller
Sales Info:
>> Commision split: 4.0%