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GazMin Motors | McKenzie, TN 15440 Highland Dr

196,114 SF Industrial Building Mc Kenzie, TN 38201 £14,501,407 (£74/SF) 9% Net Initial Yield

Investment Highlights

  • New Roof & Recent Renovations
  • Corporate Guarantee & Annual Increases
  • Rail Access on Main Throughway
  • Fully Occupied with Brand New Tenant
  • Large Industrial Facility with Expansive Lot

Executive Summary

New Roof & Recent Renovations -
Current owner has placed over $3M into renovating the building including a new roof and interior renovations.
Fully Occupied with Brand New Tenant -
Property is 100% occupied by GazMin Motors. For this McKenzie, TN location, the tenant will ship over 200-300 units to store within the warehouse, assemble on site for sale, and have a showroom. This will be the first site in the U.S., with plans to open in Texas, California, and Florida.
Corporate Guarantee & Annual Increases -
Corporate guaranteed lease with 2% annual rent increases and two 5-year options.
Large Industrial Facility with Expansive Lot -
Property includes almost 200,000 SF of warehouse space on a 10 acre lot.
Rail Access on Main Throughway -
Located on Hwy 76, which is the main throughway through Mckenzie, along the railway.

Property Facts

Price £14,501,407 Rentable Building Area 196,114 SF
Price Per SF £74 Number of Floors 2
Sale Type Investment Year Built/Renovated 1945/2008
Net Initial Yield 9% Tenancy Single
Property Type Industrial Parking Ratio 3.06/1,000 SF
Property Subtype
Manufacturing
  • Industrial Distribution
  • Showroom
  • Industrial Warehouse
 Clear Ceiling Height 22 ft
Building Class B No. Dock-High Doors/Loading 35
Lot Size 10.00 AC Level Access Doors 10
Price £14,501,407
Price Per SF £74
Sale Type Investment
Net Initial Yield 9%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Showroom
  • Industrial Warehouse
Building Class B
Lot Size 10.00 AC
Rentable Building Area 196,114 SF
Number of Floors 2
Year Built/Renovated 1945/2008
Tenancy Single
Parking Ratio 3.06/1,000 SF
Clear Ceiling Height 22 ft
No. Dock-High Doors/Loading 35
Level Access Doors 10

Amenities

  • Front Loading
  • Yard
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating

Links

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PROPERTY TAXES

Parcel Number 016D-C-001.01 Improvements Assessment £181,560
Land Assessment £194,580 Total Assessment £376,139

PROPERTY TAXES

Parcel Number
016D-C-001.01
Land Assessment
£194,580
Improvements Assessment
£181,560
Total Assessment
£376,139
(612) 413-4200 x102

Contacts

  • Brian Brisky
    Brian Brisky
  • Brian Brockman
    Brian Brockman
  • Cory Krupinsky
    Cory Krupinsky

  • Listing ID: 32308801

  • Date on Market: 15/11/2023

  • Last Updated:

  • Address: 15440 Highland Dr, Mc Kenzie, TN 38201

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© 2024 CoStar Group

GazMin Motors | McKenzie, TN | 15440 Highland Dr
(612) 413-4200 x 102

GazMin Motors | McKenzie, TN | 15440 Highland Dr

1/3

Brian Brisky

(612) 413-4200

x102

(612) 413-4200 x102

Brian Brockman

(513) 300-0763

(513) 300-0763

Cory Krupinsky

(612) 413-4200

x11

(612) 413-4200 x11

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