106 Industrial Park Drive — Soddy-Daisy, TN | SOLD — $1,425,000

The FJO Group represented the buyer in the acquisition of 106 Industrial Park Drive, an 18,000 SF single-tenant industrial building on a 1-acre lot in Soddy-Daisy, Tennessee.

This was a value-add play hiding inside a stabilized asset. The building was acquired with a tenant in place, producing immediate cash flow — but the existing lease was well below market, structured as a gross lease at a rate that left substantial room for growth. With roughly four years of term remaining, the acquisition was underwritten as a five-year cash-flow-and-hold: collect in-place income through the current term, then capture significant upside through renegotiation to market or re-tenanting on NNN terms at expiration.

A well-located, well-built industrial property with a clear path to a step-change in NOI — a true sleeper acquisition, sourced and closed for the buyer.