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21808159
21808160

707 N Liberty Hill Rd, Morristown, TN 37814

TB
TN 319461
RE/MAX Real Estate Ten
Listed by RE/MAX Real Estate Ten
$3,950,000
472 days on market
Updated 61 days ago

Consolidated Storage

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 125,535
Net Rentable (SqFt) 125,535
Cap Rate 9.00%
NOI $360,864
Occupancy 95%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 03/14/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options 2@5years
Pro-Forma Cap Rate 9.9%
Pro-Forma NOI $390,864
Price per SqFt $31
Broker Co-Op Yes
Class B
Year Built 1961
Year Renovated 2024
Buildings 1
Stories 1
Acreage 5.700
Zoning Light Industrial (LI)248
Parking Spaces 50 spaces
Parking Per SqFt 0.40
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 03/15/2024
Occupancy Date 03/15/2024
Ceiling Height 12-14
Loading Docks 5
Dock High Doors 1
Ownership Consolidated Storage

Industrial | 9.00% CAP | 125,535 SqFt

Marketing description

**Liberty Hill Storage** **707 N. Liberty Hill Road, Morristown, TN 37814** Introducing Liberty Hill Storage, a versatile warehouse facility located on 5.7 acres in the heart of Morristown, TN. Boasting a vast 125,525 SF of space, this property is ideal for investors looking for a solid opportunity. The structural framing, metal crimped exterior walls, and concrete floors ensure durability and longevity. Equipped with a unit heater, gas, and sprinkler system, the facility offers a convenient and functional space for various commercial needs. The property benefits from public utilities and a paved road, adding to its accessibility and appeal. Don't miss the chance to own Liberty Hill Storage, a prime investment opportunity in a strategic location with high potential. Verify the information provided and seize the opportunity to make this property yours. Reach out for more details and secure your investment today!

Investment highlights

FEATURES:

Building Size 125,525 SF

Land Size 5.7 Acres

Parcel/Tax ID 034B A 001.01

Structural Framing Masonry

Exterior Walls Metal Crimped

Floor Concrete

Heat Unit Heater

Gas Private – Natural Gas

Electric Public

Water Public

Sewer Public

Sprinkler Wet

Topography Level

Road Type Paved

Listing Contacts

TB
TN 319461
RE/MAX Real Estate Ten
Listed by RE/MAX Real Estate Ten

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$360,864.00
$30,072.00/mo

Valuation Metrics

0
DSCR
9.14%
Cap Rate
9.14%
ROI

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