7+ Percent Income (2) Warehouses in Sparta, TN just off of Highway 111. The total square footage for both warehouses is 230,000 sq. ft. Both properties sit on approximately 10.34 acres. Insurance for both runs $3,268.00 per quarter. Both buildings bring in a combined total of $16,014.00 per month. Property taxes for both run $6,151.00. These properties are low maintenance and pretty much take care of themselves. 100 % occupied, however 15% of the property is owner occupied , not included in the amount received each month. Building #1 has 100,000 sq. ft. and the lease has recently been renewed for 3 years. This one is $8,333.33 per month. Building #2 has 130,000 sq. ft. and brings in $7,674.00 per month. Approximately 15,000 sq. ft. of this building is currently for personal use. Tenant #1 has 9.5 years left on their lease, tenant #2 has at least 4.5 years left on their lease with the other 2 tenants leasing on a monthly basis
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