For Sale
$2,195,000

154 Judge Gresham Rd Johnson City, TN 37615

13,800 SF Warehouse, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 13,800-square-foot industrial property at 154 Judge Gresham Rd, Johnson City, TN 37615, presents a compelling investment opportunity. Built in 2018, this two-story building features a single, 100% occupied unit under a NNN lease expiring December 31, 2037, with a remaining term of 13.1 years and 3% annual rent bumps. The property boasts 12,808 square feet of space, priced at $171.38 per square foot, with a 5.47% cap rate. The 1.76-acre lot is zoned I-1 and includes 35 parking spaces, one loading dock, and four dock-high doors. Building features include 23-foot eave height, 28-foot peak, a 6-inch concrete pad, three-phase power, automated LED lighting, a sprinkler system, and a security system with surveillance and key card entry. The property's strategic location offers easy access to I-26 and Bobby Hicks Highway, providing excellent visibility. This versatile space is suitable for various uses, including distribution, manufacturing, and warehousing. The asking price is $2,195,000.

Highlights

  • 13,800 SF industrial building on a 1.76-acre lot in Johnson City, TN.
  • NNN lease with 13.1 years remaining, 3% annual rent increases, expiring 12/31/2037.
  • Excellent location with easy I-26 and Bobby Hicks Highway access.
  • Features include four dock-high doors, one loading dock, 35 parking spaces, 23' eave height, 28' peak, 6" concrete pad, three-phase power, automated LED lighting, sprinkler system, and security system.
  • Asking price: $2,195,000 ($171.38/SF), 5.47% cap rate.

Property Details for 154 Judge Gresham Rd

Property type
Warehouses, Industrial properties
Square Feet
12,808 SF
Year Built
2018
Buildings
1
Stories
2
Lot Size (sq. ft)
76,666 SF
Units
1

Location Insight

City
Johnson City
County
Washington
State
Tennessee
Latitude
36.4170609
Longitude
-82.4720075

FAQs

What type of property is this?
Warehouse - 13,800 SF Warehouse, NNN Lease
Where is the warehouse located?
The property is located at 154 Judge Gresham Rd Johnson City, TN.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 13,800 SF industrial building on a 1.76-acre lot in Johnson City, TN.; NNN lease with 13.1 years remaining, 3% annual rent increases, expiring 12/31/2037.; Excellent location with easy I-26 and Bobby Hicks Highway access.
How can I contact the broker?
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154 Judge Gresham Rd
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