Cambridge Square: Office/Medical Unit

Office for Sale
Catylist Listing ID: 29985155
Property Subtypes: Medical, Office Building
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $555,000
Unit Price: $185 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Building N
Class of Space: Class A
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 6/23/2017

Overview / Comments

Ooltewah, Tennessee’s first mixed-use neighborhood for professionals, retail and restaurants owners, and premier residential living. Emerging in the region’s hottest business location, Cambridge Square is bringing along plans to work, eat, shop, socialize, and live – effectively integrating business with community. It is surrounded by economic growth; featuring companies in the automotive, manufacturing, professional service, healthcare, and online industries. The development is conveniently located off of I-75; one exit north of Volkswagen Drive.

The development has a total acreage of 135 with Phase One (commercial and retail) being approximately 12 total acres. With options for build-to suit and custom construction, Cambridge Square represents the most advanced commercial space option in the market – an office atmosphere that is upscale, technologically advanced, beautifully groomed, and above all, convenient.
All buildings not directly facing the square are available for acquisition (land, land/building shell, and land/fully constructed building). Buildings situated on the square are “for lease” only. All bottom floor uses on the square must be accessible to the general public into the evening hours to accommodate development activation schedules. Second floor square units are ideal for smaller professional office space. Minimum square footage for a single use on the square is 1,500 square feet.

Retail in Cambridge Square caters to the local proprietors. The mix will include larger restaurants with outdoor seating on the square, boutique shopping that highlights local artisans and entrepreneurs, limited national retail outlets, and service-oriented businesses. Shoppers and diners will enjoy the experience of parking and walking to eat dinner, seeing an outdoor movie, or simply window-shopping on the square.

Cambridge Square provides each tenant with an exclusivity policy. Once committed to purchasing or leasing property, tenants reserve exclusive rights to their business’ product or services within the development. These rights are protected through the commercial owners association, indefinitely.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033132H A 00101P000
Zoning: UGC
Property Located Between: Intersection of Lee Highway and Ooltewah-Georgetown Road
Property Visibility: Good
Highway Access: Interstate 75 - .76 miles (2 minutes)
Site Description: Cambridge Square’s design is reminiscent of traditional courthouse squares in smaller towns across the United States. Places where people gather for business, social activity, and local shopping. Unlike sterile office parks, the mega mall and the strip mall; Cambridge Square, at its’ core, is a community. Through higher building density, zoning that is geared as much to the pedestrians as it is to automobiles, and a strong emphasis on regionally sensitive landscape and horticulture; Cambridge Square will serve more as a community destination than a traditional suburban retail or office park. Cambridge Square has very specific design guidelines in place. While tenants/owners have a great deal of flexibility in the build-out of their individual space, all exterior elevations and outdoor spaces are subject to design review by the development team.
Area Description: Ooltewah has emerged as Chattanooga’s northern gateway. Positive residential growth (closing in on 50,000 residents in a three zip code area), international industry re-locations and a top-tier school system have positioned this once rural community as the fastest growing region within Hamilton County. Cambridge Square was designed to complement these positive trends, by bringing a fresh approach to community development. The site map that appears with this listing is a conceptual drawing, so buildings that indicate a footprint larger than 10,000 square feet may be broken into smaller parcels depending on tenant need.
Total Number of Buildings: 25
Number of Stories: 1
Year Built: 2016
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, T1/T3, Gigabit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,012 20,354 55,357
Median Age: 36.38 40.07 39.71
Households: 824 7,593 19,941



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