Warehouse with Solar
For Sale
Contact for pricing
7235 Bonnyshire Drive, Chattanooga, TN 37416
Modern industrial facility with office areas, warehouse storage, and dedicated support improvements.
Property Size63,610 SF
Price / SF$141.49
Days on Market171
Property Features for 7235 Bonnyshire Drive
General Information
Standard status
Active
Size
63,610 SF
Class
A
Property subtype
Industrial
Zoning
M-1
Additional Details
Highway Access
Yes
Amenities
breakroom
solar panels
Building Details
Year Built
2020
Buildings
1
Listing Agency:
NAI Charter Real Estate
Listed By:
Jeff Jennings · License #TN 295488
(423) 267-6549
Source:
Crexi
Added: Apr 29
Changed: Oct 9
Last Checked: Oct 14 at 10:57PM
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 NAI Charter Real Estate
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Investment Insights
Based on property information with market context.
Built in 2020, this 63,610-square-foot warehouse property combines industrial workspace with office areas and operational support features. The building includes a large warehouse breakroom, two smaller office breakrooms, a side compressor shed, and rooftop solar panels with the control box inside the warehouse. Storage racks are present but are excluded from the transaction and may be negotiated separately. The facility occupies the end of a cul-de-sac and is zoned M-1.
At 2.6 miles from I-75, the property provides access to both I-75 and I-24. Its Chattanooga setting places it near the Volkswagen Assembly Plant and Amazon Fulfillment Centers, supporting distribution and industrial operations requiring regional highway connectivity.
At 2.6 miles from I-75, the property provides access to both I-75 and I-24. Its Chattanooga setting places it near the Volkswagen Assembly Plant and Amazon Fulfillment Centers, supporting distribution and industrial operations requiring regional highway connectivity.
Key Highlights
- 63,610‑square‑foot warehouse facility built in 2020
- Rooftop solar panels with control box located inside the warehouse
- M‑1 zoning with warehouse, office, breakroom, and compressor shed improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$599,855
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,997,100
$12.0M
Cap Rate 7%
$8,569,357
$8.6M
Cap Rate 9%
$6,665,056
$6.7M
Market Conditions
NOI Build-Up for 63,610 SF
Gross rent
$992.3K $15.60/SF
− Vacancy
−$69.5K −$1.09/SF
EGI
$922.9K $14.51/SF
− OpEx
−$323.0K −$5.08/SF
NOI
$599.9K $9.43/SF
Area
Chattanooga, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,997,100
Cap Rate 7%
$8,569,357
Cap Rate 9%
$6,665,056
Alternative Uses
Best Use
Flex RnD
$8.57M
$7.50M – $10.00M
NOI $599,855 @ 7.0% cap · market cap 6.67%
Second Best
Warehouse
$5.55M
$4.85M – $6.47M
NOI $388,190 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$14.05M
$12.29M – $16.39M
NOI $983,400 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Iron Mountain — 6300 Enterprise Park Dr, Chattanooga, TN 37416
- Kenco Logistic Services — 4309 Distribution Dr, Chattanooga, TN 37416
- All My Sons Moving & Storage — 6340 Bonny Oaks Dr, Chattanooga, TN 37416
Frequently Asked Questions
What type of property is this?
Warehouse - Modern industrial facility with office areas, warehouse storage, and dedicated support improvements.
Where is this warehouse located?
The property is located at 7235 Bonnyshire Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 63,610‑square‑foot warehouse facility built in 2020; Rooftop solar panels with control box located inside the warehouse; M‑1 zoning with warehouse, office, breakroom, and compressor shed improvements
