1311 West College Street

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1311 West College Street

Murfreesboro, TN 37129
Asking Price
$1.75M
Asset Type
Distribution Industrial
Class
Class B

What's Special

Heavy Industrial in HIGH DEMAND area <p><span style="color: rgba(34, 34, 34, 1)">HIGHEST & BEST due by 5/15 at 1pm CST -Zoned Heavy Industrial in a high-growth Middle Tennessee demanding area. Property features 3.3 Acres with a 2100 sq ft office building that has a conference area, sales floor, private offices, 2 baths and a service kitchen. 2600 sq ft pole type metal building with 3 bay doors (size 12x14) with a concrete floor. Lease is through 6/2028 at $4,000 a month. Sublease tenant is paying $8,500 a month. Documents attached.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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