Weakley Lane

Nashville, TN

Vision:

Built in 1985 as a regional distribution hub for Carrier, 328 Weakley Lane is a 245K SF single story distribution facility that was recently outfitted with 45K SF of cooler space for Taylor Farms, a food service tenant. Located in the Smyrna submarket SE of downtown Nashville, asset resets on 41.14 acres, providing for extensive IOS parking onsite. The building is well outfitted with 60 dock height doors and an additional 5 drive in doors for easy access. Currently fully leased, future lease expirations allow for subdivision of the parcel to allow for a future industrial development of 150-200K SF.

Value:

The Smyrna market has had a development moratorium for some time. Although the moratorium was recently lifted, the demand for this market is strong.

Existing tenants Ryder, Taylor Farms and Willscot have all expressed the desire to remain at the project long term. The current letdown yard that Willscot is using on the back acreage could allow for future development.

Immediate repair scope upon acquisition includes pavement concrete repairs in the truck court, repairs to select docking positions, and some fencing and landscaping clean up. Ownership has also elected to replace the sprinkler pump with a new, up-to-date system.

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Additional Information:

Property Features

  • 245,000 SF distribution facility with 25-27′ clear height
  • 60 docks, some cross docked, with 5 drive-in door locations
  • 2,500 and 1,500 amp power feeds
  • 17 acres currently being leased to Willscot for IOS / trailer space
  • Large acreage could be divided and entitled for future development

Location

  • Strategically located between I-24 and I-840 off the West Jefferson Pike (route 266)
  • Less than 3 miles to Nissan’s 5.9M SF manufacturing facility.
  • 17 miles to BNA and 26 miles to downtown Nashville.
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