1709 Midpark Rd - Light Manufacturing FOR SALE


Knoxville, TN 37921- Westside
$2,475,000 USD
865-309-6272
1709 Midpark Rd, Knoxville, TN for Sale
$2,475,000 USD
Light Manufacturing - FOR SALE
1/12
null | Request Cap Rate

1709 Midpark Rd
Knoxville, TN 37921
Westside


OVERVIEW

1709 Midpark Drive presents a compelling opportunity to acquire a fully leased, Multi-Tenant Flex Industrial asset in an excellent Knoxville, TN location. Totaling ±16,893 SF, the property is demised into four suites, each leased to established tenants with contractual annual rent escalations, ensuring stable and growing cash flow. With a Weighted Average Lease Term (WALT) of 4.82 years, the property offers both immediate income security and long-term investment stability. The building features modern functional elements including 20’ clear heights, and a combination of dock-high and drive-in loading, making it well-suited for a range of light industrial and flex users. Strategically located in Knoxville’s Middlebrook Industrial corridor, the property offers close proximity to I-40 and I-75, offering tenants superior regional access and reinforcing long-term demand for this product type. 16,893 SF multi-tenant Flex building 100% leased | 4 Tenants Below market rents Annual rental increases WALT of 4.82 years Immediate access to I-40/I-75 4 dock-high doors 3 drive-in doors 20’ clear height 3-phase power Class A office space Flexible floor plans

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1709 Midpark

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41

LAND SF

61,420

ZONING

I-MU

APN/PARCEL ID

093PA-02313

ASK ABOUT THIS PROPERTY

Matthew StrotherSVN | Wood PropertiesMore Info
865-309-6272

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Matthew StrotherSVN | Wood PropertiesMore Info
865-309-6272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.