one park place

Office for Sale
Catylist Listing ID: 30188057
Property Subtypes: Office Building
Building Size (RSF): 57,000 SF
Gross Land Area: 3.98 Acres
Sale Price: $5,500,000
Unit Price: $96.49 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 1/1/2018

Overview / Comments

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.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033148O C 00100P000
Property Located Between: SPORTS BARN
Property Visibility: Excellent
Highway Access: HWY 24
Airports: Chattanooga
Site Description: Merge onto 1-24 E toward Knoxville/Atlanta Take Exit 184 toward Moore Rd Merge onto South Terrace Take the 1st left onto S Moore Rd. Turn right onto Brainerd Rd. 6148 Lee Hwy
Area Description: Close to Hamilton Place Mall.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 19,000 SF
Year Built: 1984
Year Renovated: 2014
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 225
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: T1/T3
Interior Description: NEW ROOF and NEW HVAC UNIT!!
Zoning Description: C1
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Cross over parking with the Sports Barn.

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

Stonecrest Properties GCAR CMLS Member
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