7% CAP! Southside Fully Leased Class A Medical Office FOR SALE

Office for Sale
Catylist Listing ID: 30041146
Property Subtypes: Medical
Building Size (RSF): 23,974 SF
Sale Price: $6,249,000
Unit Price: $260.66 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Usable Size (USF): 20,908 SF
Core Factor: 1.11%
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 4/4/2019

Overview / Comments

Beautiful medical office building located in the high-demand South Side district. With this highly sought after location, you can sit back in pride and effortlessly collect on your investment.

100% Fully Leased
Rapidly Growing Area
Reliable and Reputable Tenants
Close to Famous Rock City and the Tennessee Aquarium
Solid Investment

Attachments & Media

Current Tenants

Tenant Business Name Southern Surgical Arts
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 201
SF of Space Occupied 8,889 SF
Tenant Business Name River City Dentistry
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 101
SF of Space Occupied 2,216 SF
Tenant Business Name Lucidity Float Center
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 115
SF of Space Occupied 1,159 SF
Tenant Business Name The Vein Institute
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 321
SF of Space Occupied 2,955 SF
Tenant Business Name Mouton Hair Salon
Industry Type Other Services
Is Renting? Yes
Suite Number 123
SF of Space Occupied 1,548 SF
Tenant Business Name Life at SSA Med Spa
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 301
SF of Space Occupied 2,319 SF

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145E V 00200P000
Property Visibility: Excellent
Area Description: SouthSide Station is conveniently located to such well-known Chattanooga, TN attractions as the Tennessee Aquarium, Ruby Falls, Rock City Garden and Lookout Mountain.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 7,991 SF
Year Built: 2014
Parking Type: Surface
Parking Description: Pavers
Total Parking Spaces: 54
Passenger Elevators: 1
Internet Access: Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,492 53,120 125,725
Median Age: 30.89 33.47 36.56
Households: 3,920 20,989 51,977

Contact

Photograph of Listing Agent

Valerie Gallups

The Chattanooga Home Team Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Heather Lyons Bevil

The Chattanooga Home Team Greater Chattanooga REALTORS® Member
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