2390 Channel Ave - Manufacturing FOR SALE
Memphis, TN 38106 |
$800,000 USD
512-856-7596
2390 Channel Ave
Memphis, TN 38106
HIGHLIGHTS
- Lease is secured by a strong guarantee from Ecolab Inc. (NYSE: ECL), which is a global leader in water, hygiene, and infection-prevention solutions.
- Located in the Memphis Channel Avenue industrial trade area, the property is situated in a major industrial hub that serves as a critical center.
- Asset boasts a healthy and replaceable rent for IOS properties at roughly $3,000 an AC a month.
- Ecolab has executed several renewal options at this location, proving a long-term commitment to the location and area.
- Lease provides 3% annual increases providing investors with a great hedge against inflation.
- The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought-after asset classes.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 3,840 SF IOS facility fully leased to Ecolab Inc (NYSE: ECL). The 1.84 AC IOS yard is secured by a lease that includes a strong investment-grade guarantee from Ecolab Inc and 3% annual increases to help investors hedge against inflation. This is a great bite-sized deal for investors looking for stable cash flow with a best-in-class tenant.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$800,000 USD
PRICE/SF
$208 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ecolab - Memphis, TN
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
ADD'L SUBTYPES
undefined, Distribution, Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
UTILITIES
-
CLEAR CEILING HT
16 Ft
DOCKS
-
DRIVE INS
1
PARKING SPACES
10
LAND DETAILS
LAND ACRES
1.84
LAND SF
80,150
ZONING
IH
APN/PARCEL ID
05-0115-0-0017C
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512-856-7596
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512-856-7596
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