Midtown Office Park - Franklin Building for Sale

Office for Sale
Catylist Listing ID: 30428618
Property Subtypes: Business Park, Governmental, High-Tech, Office Building
Building Size (RSF): 59,000 SF
Gross Building Area: See Agent
Sale Price: $4,400,000
Unit Price: $74.58 PSF
Property Use Type: Investment
Building Name: Franklin Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2019

Overview / Comments

The Franklin Building is a mid-rise, 59,000 square foot office building In Midtown Office Park with ample parking and visibility from I-75, plus access from the retail corridor located along Brainerd Road.

Notable tenants include the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), the Food and Drug Administration (FDA) and various State agencies. Upcoming lease roll and existing vacancies offer significant upside to an investor.

Buyer to verify any and all information deemed necessary. Argus reports and lease abstracts available upon request.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 157M-A-008.06
Property Visibility: Excellent
Highway Access: Interstate 75
Airports: Chattanooga
Area Description: Surrounded by other office and retail.
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1973
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,075 65,956 153,962
Median Age: 36.62 38.89 38.23
Households: 4,152 29,157 64,073


Photograph of Listing Agent

Andrew D Holt

Healy & Company, LLC Greater Chattanooga REALTORS® Member
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