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1400 College Park Dr, Columbia, TN, 38401

1400 COLLEGE PARK DRIVE
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Highlights

INVESTMENT HIGHLIGHTS

  • STRONG SUBMARKET FUNDAMENTALS – Vacancy in the Maury County industrial submarket is 5.1% and has increased 2.6% over the past 12 months. Meanwhile, the rate of increase in the broader Nashville market was 1.3%, which suggests a strong demand for industrial properties in Maury County and the surrounding region.
  • PASSIVE LEASE – Tennessee Department of Human Services is operating on a NNN lease with landlord responsible for roof, HVAC and structural elements of the property.
  • HIGH QUALITY FACILITY – This single-story ±46,250 SF facility consists of 1 building constructed in 2003 and since then has been professionally maintained.
  • STRONG DEMOGRAPHICS – Within the surrounding 5-miles, the population is projected to grow steadily over the next 5 years, and boasts over $517M in consumer spending.
  • STRATEGIC LOCATION – The property is positioned strategically in the Maury County submarket

Location

Agents

Broker of Record

Kyle Matthews

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
6.97%
$ per SF
$118
Tot. SF
46,250
Year Built
2003
Type
Industrial
NOI
$383,000