All Brick Construction Business Park

Expired Office for Sale
Catylist Listing ID: 29977587
Property Subtypes: Business Park, Executive Suites, Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Other
Building Status: Proposed
Building Size (RSF): 60,000 SF
Gross Building Area: See Agent
Sale Price: $4,855,000
Unit Price: $80.92 PSF
Property Use Type: Investment, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Expired On: 6/17/2017
Last Updated: 6/17/2017

Overview / Comments

An upscale, all brick office park featuring extensive landscaping, decorative street lighting, appealing exteriors with versatile interiors. The property also features a park-like setting which showcases limestone sculpture and benches by a renowned local artist. Dunbar Park offers a well known, central location with very attractive rental rates that include taxes and insurance. There are twelve buildings with approximately 5000 square feet each (some are divided into smaller spaces). 397 parking spaces w another 15-20 unmarked parking spaces.
Home to professionals such as Doctors, Orthodontists, Dentists, Mortgage Companies, and Government Agencies.
Many of the tenants are long term tenants. Each building has a very nice, large conference room with 14+- foot ceilings and huge windows. All exterior walls are self supported so that you can easily change the layout on the interior walls. Of the 12 buildings, 8 roofs have been replaced in the last year or 2 and the other 4 roofs are only 4-5 years old. (Agent will put in 150k for a silent ownership interest if interested)

Additional Details

Nearest MSA: Clarksville
County: Montgomery
Property Visibility: Excellent
Area Description: Conveniently located in Clarksville. Around the nation, Clarksville-Montgomery County is recognized as a premier destination to live, work and play. Google has acquired the former Hemlock Semiconductor site in northeastern Montgomery County and will be transforming it into a $600 million data center to serve Google's vast and rapidly growing Internet search engine and overall application capacity. *Top City For Millenials, Money Magazine, Summer 2014 *CMC Corporate Business Park named a Select Tennessee Certified Site, Fall 2013 *5th Fastest Growing City in the nation, U.S. Census Bureau *2nd Fastest Growing Metropolitan Statistical Area in the nation, U.S. Census Bureau, July 2013 *4
Total Number of Buildings: 11
Number of Stories: 1
Year Built: 2003
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,546 41,273 94,103
Median Age: 41.61 32.85 32.03
Households: 956 16,110 35,864


Photograph of Listing Agent

Ashley C Brumley

Keller Williams Realty GCAR CMLS Member
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