One Park Place

Office for Sale
Catylist Listing ID: 30018756
Property Subtypes: Governmental, Medical, Mixed Use, Office Building
Building Size (RSF): 57,112 SF
Gross Land Area: 3.98 SF
Sale Price: $5,500,000
Unit Price: $96.30 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: One Park Place
Class of Space: Class A
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 8.0%
Last Updated: 9/5/2017

Overview / Comments

The Property is a secure access building with ample parking, EPB fiber optic, and a strongly controlled security system. Across from Sam’s & Executive Business Park. Located adjacent to Sports Barn East. Easy Access to 1-75 and Highway 153 and close to Hamilton Place Mall.
Building has long term tenants. The building is beautifully maintained and landscaped.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033148O C 00100P000
Zoning: C1
Property Located Between: Sports Barn and Lee Hwy
Property Visibility: Excellent
Highway Access: close to hwy 24
Airports: Chattanooga
Site Description: Directions: From I75, take Hwy 153. Take Lee Highway Exit. Turn left at light. Building is located across from Sam's Club by the Sports Barn.
Area Description: Next to the sports barn off of Lee Hwy.
Total Number of Buildings: 1
Number of Stories: 3
Roof Type: Gable
Construction/Siding: Wood Shingle
Parking Description: Plenty of Parking
Total Parking Spaces: 225
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: T1/T3
Interior Description: 3RD FLOOR (19,000 )SF IS VACANT AS OF SEPTEMBER AND THE OWNER HAS AGREED TO PAY THE LEASE FOR A FULL YEAR $30,000 A MONTH ($360,000 )TO ALLOW THE NEW OWNER TO LEASE OUT THE 3RD FLOOR. THE OWNER WILL CONTINUE TO PAY UP TO $30,000 AND NO LOWER THEN $10,000 A MONTH EVEN AFTER THE SPACE HAS BEEN LEASED OUT. building with ample parking, EPB fiber optic, and a strongly controlled security system. Across from Sam' s & Executive Business Park. Located adjacent to Sports Barn East. Easy Access to 1-75 and Highway 153 and close to Hamilton Place Mall. The building is beautifully maintained and landscaped.
Zoning Description: C1
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 54,562 142,794
Median Age: 34.36 39.62 39.35
Households: 2,161 24,639 59,426

Contact

Photograph of Listing Agent

Wendy J Elliott

Henry B Glascock Co. 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.