2912 Lakeview Dr, Rossville, GA 30741
Commercial property for lease
Contact info
- 423-664-1550 [Office]
Description
This in an investment sale of a 99,400 SF industrial building that has a triple net (NNN) lease tenant. The current annual income is $276,000 or $23,000 per month. The Cap Rate generated by this income is 9.22%. The Landlord has no expenses. Pyramid Mouldings has occupied this building since about 1984 or almost 30 years. Pyramid Mouldings employs about 70 non-union employees at this plant facility. The parent company can be found at www.pyramidmouldings.com. The parent company is headquartered in and has other plant facilities in and . Pyramid Mouldings does about $70 million in annual sales. Pyramid Mouldings is a privately held company founded in 1928 with the mission of being a leading OEM supplier of high quality, competitively priced custom rolled form products. We have manufactured parts for industries that include appliances, automotive, display and storage racks, building products, furniture and fixtures, solar and transportation. CATOOSA COUNTY is one of the fastest growing counties in Georgia. The growth and prosperity is attributed to the excellent school system, its nearby neighbor, Chattanooga, Tennessee, beautiful landscape and above all, the outstanding quality of life. Its proximity to Chattanooga makes it an attractive bedroom community – their borders are contiguous and their communities blend. Its largest source of employment is textile manufacturers throughout the county and region. Both the Chamber of Commerce and county government strongly encourage the expansion of existing industry and pursue the opportunities for new business in the area. Building price details: $2,995,000.
Property Details
- Building Name:Pyramid Mouldings
- Type: Industrial
- Use Types:Light Industrial
- Status: Available
- Year Built: 1980
- Year Renovated: 1987
- MSA: Chattanooga
- Zoning: I-1 INDUSTRIAL
- Buildings: 1
- Tenancy: Single Tenant
Exterior Features
- Parking: Yes
- Parking Spaces: 80
- Parking Type: Surface
Terms
- Cash to Seller