6005 Century Oaks Drive - Free Standing Class A Office Building
Office
for Sale
| Catylist Listing ID: |
30776152 |
| Property Subtypes: |
Business Park, Governmental, Institutional, Office Building
|
| Condo? |
Yes |
| Building Size (RSF): |
15,295 SF
|
| Gross Land Area: |
1.39 Acres
|
| Sale Price: |
$2,750,000 |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Building Name: |
6005 Century Oaks Drive |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/17/2022 |
Overview / Comments
First Time on the Market - 15,295 SF. Freestanding Class A Office Building located within the Bonny Oaks Industrial Park. The building is currently divided into Four (4) Suites ranging from 2,300 to over 5,300 SF. Five Star Foods will be relocating in the 3 quarter of 2022 so the building would be perfect for an Owner/User that is looking to purchase an office building for its own space needs with income from other Tenants to hep offset the cost of ownership.
Listing information is provided by Owner and public sources and is deemed reliable but not guaranteed. Listing agent has not measured the space / building and does not guarantee the accuracy of the number of square feet or acreage. All Showings are strictly by appointment only. Contact the Listing Agent to schedule any showings.
The information contained herein was obtained from sources we consider reliable; however, we cannot be responsible for errors, omissions, prior sales, withdrawals from the market, or change in price. No representation or warranty as to the environmental or physical condition of the property and/or equipment is made, and purchaser’s independent investigation and due diligence is strongly recommended.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$25,220 (Annual) |
Current Tenants
| Tenant Business Name |
Five Star Foods (Suite 100) |
| Is Renting? |
Yes |
| Suite Number |
100 |
| SF of Space Occupied |
5,367 SF |
| Current Rent |
$14 PSF (Annual) |
| Lease Expiration |
8/0031 |
| Tenant Notes |
In addition to the Base Annual Rental Rate of $13.50/SF NNN the Tenant also pays as additional rent $1.50/SF ($670.88 per month) for its prorata share of Real Estate Taxes, Building Insurance and Common Area Maintenance Expenses. |
| Tenant Business Name |
Five Star Foods (Suite 101) |
| Is Renting? |
Yes |
| Suite Number |
101 |
| SF of Space Occupied |
2,305 SF |
| Current Rent |
$14 PSF (Annual) |
| Lease Expiration |
8/0031 |
| Tenant Notes |
In addition to the Base Annual Rental Rate of $13.50/SF NNN the Tenant also pays as additional rent $2.71/SF ($520.54 per month) for its prorata share of Real Estate Taxes, Building Insurance and Common Area Maintenance Expenses. |
| Tenant Business Name |
Five Star Foods (Suite 300) |
| Is Renting? |
Yes |
| Suite Number |
300 |
| SF of Space Occupied |
3,623 SF |
| Current Rent |
$8 PSF (Annual) |
| Lease Expiration |
8/0031 |
| Tenant Notes |
In addition to the Base Annual Rental Rate of $7.50/SF NNN the Tenant also pays as additional rent $1.50/SF ($452.87per month) for its prorata share of Real Estate Taxes, Building Insurance and Common Area Maintenance Expenses. |
| Tenant Business Name |
His Highness Prince Aga Khan Shia Imami Ismaili |
| Is Renting? |
Yes |
| Suite Number |
303 |
| SF of Space Occupied |
4,000 SF |
| Current Rent |
$14 PSF (Annual) |
| Lease Expiration |
5/0031 |
| Tenant Notes |
In addition to the Base Annual Rental Rate of $14.35/SF NNN the Tenant also pays as additional rent $1.97/SF ($656.67 per month) for its prorata share of Real Estate Taxes, Building Insurance and Common Area Maintenance Expenses. |
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Hamilton County |
| Tax ID/APN: |
033129K B 02711C001 |
| Is Condo?: |
Yes |
| Zoning: |
M-2 |
| Property Visibility: |
Excellent |
| Highway Access: |
Hwy. 153 and I-75 |
| Airports: |
Chattanooga Airport |
| Site Description: |
Approximately 1.39 Acres in the Bonny Oaks Industrial Park |
| Area Description: |
Located in the Bonny Oaks Industrial Park on Century Oaks Drive near the FedEx facility. Easy Access to Hwy. 153 off the Bonny Oaks Exit. Close to Volkswagen Assembly Plant. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
2000 |
| Parking Ratio: |
5.5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Approx. 84 Surface Parking Spaces |
| Total Parking Spaces: |
84 |
| Sprinklers: |
None |
| Internet Access: |
Gigabit |
| Zoning Description: |
M-2 |
| Part of Planned Development?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Condominium Regime |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,092 |
33,469 |
121,275 |
| Median Age: |
40.37 |
40.93 |
39.49 |
| Households: |
3,433 |
14,949 |
50,547 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Greater Chattanooga REALTORS® nor
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