Multi-Building Flex Space
New
For Sale
$1,770,000
601-603 Lake Way Place, Tullahoma, TN 37388
Multi-building property combining industrial, office, and storage components with an established automotive tenant.
Property Size17,800 SF
Lot Size2.57 Acres
Price / SF$99.44
Days on Market5
Property Features for 601-603 Lake Way Place
General Information
Standard status
Active
Size
17,800 SF
Lot size
2.57 Acres
Property subtype
Industrial - Flex - Industrial
Additional Details
Cap Rate
7.2%
Highway Access
Yes
Building Details
Building Size
17,800 SF
Tenancy
Multi
Listing Agency:
SVN | Second Story Real Estate Management
Listed By:
John Markley · License #TN346442
(423) 682-8241
Source:
Commercialcafe
Added: Sep 21
Last Checked: Sep 24 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Second Story Real Estate Management
Investment Insights
Based on property information with market context.
This flex space investment comprises multiple buildings totaling ±17,800 SF on 2.57 acres at 601–603 Lake Way Place. The industrial buildings and part of the office building are occupied by Caliber Collision, while a second office tenant occupies additional space. A separate storage building is vacant, and the property includes additional land that may support future storage or expansion.
The asset is in Tullahoma, Tennessee, within Coffee County and the I-24 Corridor. It is approximately 75 miles southeast of Nashville, 75 miles northwest of Chattanooga, and 60 miles northeast of Huntsville. The existing mix of industrial, office, automotive, and storage improvements creates a varied commercial configuration, with in-place tenancy and remaining lease options.
The asset is in Tullahoma, Tennessee, within Coffee County and the I-24 Corridor. It is approximately 75 miles southeast of Nashville, 75 miles northwest of Chattanooga, and 60 miles northeast of Huntsville. The existing mix of industrial, office, automotive, and storage improvements creates a varied commercial configuration, with in-place tenancy and remaining lease options.
Key Highlights
- ±17,800 SF across multiple buildings on 2.57 acres
- 7.2% cap rate on a corporate Caliber Collision lease
- Caliber Collision lease has 7 years of remaining term
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37388, TN
26,352
Population
11,871
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
117.9 sq mi
ZIP Area
224
Density / Sq Mi
$59,892
Median Household Income
$37,452
Median Earnings
$856
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-building property combining industrial, office, and storage components with an established automotive tenant.
Where is this flex space located?
The property is located at 601-603 Lake Way Place Tullahoma, TN.
What is the asking price?
The asking price for this property is $1,770,000.
What are key features of this property?
This property features: ±17,800 SF across multiple buildings on 2.57 acres; 7.2% cap rate on a corporate Caliber Collision lease; Caliber Collision lease has 7 years of remaining term
