• Year Built: 2004
3740 Powers Ct is an industrial property for lease in Chattanooga, TN.
Subject property features a 36,875 sq. ft. industrial - flex space building on a 2.59 acre lot at the geographical center of Chattanooga. With less than 1/2 mile access to Highway 153 at Bonny Oaks Drive, this location provides easy accessibility for not only customers but tenants who need access to all areas of town for distribution.
Property is visible from high traffic state route - Highway 153 - where traffic counts average +/- 62,000 cars per day. Surrounding area occupied primarily by industrial use, with the Bonny Oaks Industrial Park less than 0.5 mile away. Enterprise South, which is home to the new Amazon.com distribution facility and 1,900,000 sq. ft. Volkswagen assembly plant.
Built in 2004, the bldg. consists of 4 units that are in good condition. There is adequate parking available with a large lot in front of building and additional on side. 3740 Powers Court is currently at an 8.5% CAP Rate and 100% occupancy with 4 credit tenants with long-term leases (Motion Industries & Fastenal, see attachments). Excellent investment opportunity based on its accessibility, location and lease history.
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- Joseph V Williams, agent and Rofo Pro