Reduced 2018! 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: 6.9%
Average Occupancy Rate: 100
Last Updated: 12/6/2018

Overview / Comments

Beautiful medical office building located in the high-demand South Side district. The cap rate quickly rises with year 5 at a 7.61% and year 10 at a 8.5%. 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

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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