Innovation District Office Building w/PARKING

Office for Lease
Lease Pending
Catylist Listing ID: 29804974
Property Subtypes: High-Tech, Office Building, Other
Status: Pending
Contiguous Space: 10,000 SF
Gross Building Area: 10,000 SF
Lease Rate: $15 PSF (Annual)
Base Monthly Rent: $12,500
Lease Types: Net Lease, NNN, Absolute NNN
Building Name: Fidelity Trust Co. building
Last Updated: 4/27/2017

Overview / Comments

This two story brick office building is located on one of the hottest blocks in the newly formed Innovation District. The building features large open areas as well as private offices and meeting areas. It has a relatively new TPO roof and all new HVAC.

The building also includes some onsite parking, and we have secured the rights to over 50 additional spaces about a block away. These additional spaces would be $60 per month per space.

We are seeking a single tenant for the building and will provide a $350,000 TI incentive for a 10 year lease.

Other FTC tech-related tenants in the area include OpenTable (The Priceline Group, NASDAQ: PCLN), Whiteboard, and H&D Corporation (international IT company providing services to VW, etc).

Lamp Post Group is launching a new redevelopment of the former Coopers buildings which are directly across the street from 720 Cherry. This redevelopment will feature a new restaurant on the ground floor and a rooftop terrace.

Expand All Available Space

Suite: 1 10,000 SF $15 PSF (Annual) Net Lease,NNN,Absolute NNN
Status: Pending
Space Available: 10,000 SF
Lease Rate: $15 PSF (Annual)
$12,500 (Monthly)
Lease Type: Net Lease,NNN,Absolute NNN
Date Available: 9/1/2016
Lease Term: 120 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 7
Rent Escalators Step-Up Lease
Tenant Improvements Allowance $350,000

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145D L 01900P000
Zoning: C-3 CENTRAL BUSINESS DISTRICT
Market Type: Large
Property Located Between: 7th and 8th Streets
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,000 SF
Year Built: 1920
Parking Type: Surface
Parking Description: The building includes some onsite parking, and we have secured the rights to over 50 additional spaces about a block away. These additional spaces would be $60 per month per space.
Internet Access: Gigabit


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 51,216 127,194
Median Age: 32.04 33.71 36.62
Households: 3,804 20,507 52,862

Contact

Photograph of Listing Agent

J. Matthew McGauley

Fidelity Trust Company GCAR CMLS Member
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