Century Oaks Building - Income Producing Property

Office for Sale
Catylist Listing ID: 30044859
Property Subtypes: Business Park
Building Size (RSF): 10,307 SF
Gross Building Area: See Agent
Gross Land Area: 2.17 Acres
Sale Price: $1,390,000
Unit Price: $134.86 PSF
Property Use Type: Investment
Building Name: Tennessee Bureau of Investigation
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/24/2018

Overview / Comments

This 2-story building used to house a wholesale jewelry business. It is located in the Bonny Oaks Industrial & Office Park off Bonny Oaks Rd. near the intersection with Jersey Pike. It is leased by the State of Tennessee, Tennessee Bureau of Investigation.

Annual Gross Rent: $180,550. Leased through 2017.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129K B 027.20
Zoning: M-2
Market Type: Medium
Property Located Between: Bonny Oaks and Jersey Pike
Property Visibility: Fair
Transportation: Highway
Highway Access: Located near Hwy 153 and I-75.
Airports: Minutes from Chattanooga Metropolitan Airport
Site Description: Land available on same parcel for an additional building.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,150 SF
Year Built: 1994
Roof Type: Flat
Parking Type: Surface
Parking Description: Plenty of parking with room to expand.
Zoning Description: M-2
Lot Frontage: 182.89
Lot Depth: 395
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,692 35,839 123,053
Median Age: 39.24 40.87 39.38
Households: 2,809 15,890 51,528


Photograph of Listing Agent

Gerald D McCormick

Stone Fort Properties GCR CMLS Member
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