418-420 W Lake Ave - Warehouse FOR SALE


Rossville, GA 30741
$8,350,000 USD
858-209-4329
418-420 W Lake Ave, Rossville, GA for Sale
$8,350,000 USD
Warehouse - FOR SALE
1/12
null | 7% Cap Rate

418-420 W Lake Ave
Rossville, GA 30741


OVERVIEW

The Tashakorian Group of Marcus & Millichap is pleased to present 418 West Lake Ave, a 122,174-SF, multi-tenant, NNN-leased warehouse building. The Property is located in Rossville, GA, within the Chattanooga, TN–GA MSA, less than six miles from Downtown Chattanooga and approximately eight miles from Chattanooga Metropolitan Airport. The Chattanooga market benefits from a centralized regional location, providing efficient access to Atlanta, Knoxville, Nashville, and Birmingham. Originally constructed in phases between 1967 and 1969, the Property has undergone substantial capital improvements in recent years. Notable upgrades include approximately 40% roof replacement, installation of new LED lighting, addition of a new grade-level door to allow cross drive-in access, removal of legacy silos, and parking lot improvements including new seal coating, restriping, and the addition of 25 parking spaces. The Property features thirteen dock-high doors and two grade-level doors. » 100% LEASED TO TWO TENANTS ON NNN LEASES » SMITH MILLWORKS OCCUPIES 80% OF THE PROJECT » 3.0%-3.5% ANNUAL INCREASES » RECENTLY RENOVATED WITH NEW OFFICES, CROSS DOCK ACCESS, PARTIAL ROOF REPLACEMENT AND MORE » APPROX. 6 MILES TO DOWNTOWN CHATTANOOGA, TN » EFFICIENT ACCESS TO ATLANTA, KNOXVILLE, NASHVILLE, AND BIRMINGHAM

FOR SALE DETAILS

PRICE

$8,350,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brockway Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

28 Ft

DOCKS

13

DRIVE INS

2

PARKING SPACES

37

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

I-2

APN/PARCEL ID

2002-093,2002-096B

ASK ABOUT THIS PROPERTY

Bradley PetersLegacy West PartnersMore Info
858-209-4329

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Bradley PetersLegacy West PartnersMore Info
858-209-4329

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