The FJO Group successfully leased 106 Industrial Park Drive in Soddy Daisy, Tennessee, on behalf of ownership. The property was secured under a five-year lease with an additional five-year option, achieving a monthly rent of $18,000 on a modified gross structure. Through targeted marketing, strategic negotiations, and a deep understanding of local industrial trends, our team achieved record-breaking rental rates per square foot for this asset class within the Chattanooga market.

This lease execution resulted in a 138% increase in net operating income (NOI), significantly enhancing the property’s valuation and overall investment performance. The transaction attracted a strong national defense contractor as the tenant, securing long-term stability and cash flow for our client. With the new lease in place, the asset now performs at an impressive 14.24% capitalization rate, marking a major success for ownership and a prime example of The FJO Group’s ability to deliver measurable value through intelligent leasing strategies.