Century Oaks Building - Income Producing Property

Office for Sale
Catylist Listing ID: 30044859
Property Subtypes: Business Park
Building Size (RSF): 10,307 SF
Gross Building Area: See Agent
Gross Land Area: 2.17 Acres
Sale Price: $1,390,000
Unit Price: $134.86 PSF
Property Use Type: Investment
Building Name: Tennessee Bureau of Investigation
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

This 2-story building used to house a wholesale jewelry business. It is located in the Bonny Oaks Industrial & Office Park off Bonny Oaks Rd. near the intersection with Jersey Pike. It is leased by the State of Tennessee, Tennessee Bureau of Investigation.

Annual Gross Rent: $180,550. Leased through 2017.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129K B 027.20
Zoning: M-2
Market Type: Medium
Property Located Between: Bonny Oaks and Jersey Pike
Property Visibility: Fair
Transportation: Highway
Highway Access: Located near Hwy 153 and I-75.
Airports: Minutes from Chattanooga Metropolitan Airport
Site Description: Land available on same parcel for an additional building.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,150 SF
Year Built: 1994
Roof Type: Flat
Parking Type: Surface
Parking Description: Plenty of parking with room to expand.
Zoning Description: M-2
Lot Frontage: 182.89
Lot Depth: 395
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,692 35,839 123,053
Median Age: 39.24 40.87 39.38
Households: 2,809 15,890 51,528


Photograph of Listing Agent

Gerald D McCormick

Stone Fort Properties GCAR CMLS Member
© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.