Catylist ID:
#29802935
Historic Former Buster Brown , and Gerber Headquarters
Office
for Sale
| Catylist Listing ID: | 29802935 |
| Property Subtypes: | Business Park, Executive Suites, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development |
| Building Size (RSF): | 165,800 SF |
| Gross Land Area: | 11 - 15 Acres |
| Sale Price: | $4,100,000 |
| Unit Price: | $24.73 PSF |
| Ceiling: | 25 ft. |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: | Buster Brown |
| Class of Space: | Class A |
| Sale Terms: | Undisclosed, Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 25 |
| Last Updated: | 4/1/2021 |
Overview / Comments
|
165,800 sqft Business incubator 30% occupied with gross monthly income $52,314 and annual gross income $627,768. The former Buster Brown headquarter is a sprawling gated office/warehouse facility on +/-20 acres. With over 900 parking spaces available and a large office/warehouse this would serve as an excellent business headquarters or investment opportunity. The main building has over 300 offices and also includes conference rooms, training areas, break rooms, multiple stall bathrooms, and much more. Most sections of the roof have been replaced in the last year and a new HVAC system has been installed. The space has been environmentally tested for air quality. There is also a 7,000 sq ft warehouse area with multiple bays, 12' ceilings, and a large elevator. There are 4 inch concrete and wooded floors throughout. New led lighting has been installed in the building. A electronic / security gates/ Complete high fencing and guard house provide additional security for the property. Green spaces for employees are also scattered throughout the property. PROPERTY HAS SEVERAL GREEN FEATURES: NEW WINDOWS, LED LIGHTING, ENERGY STAR WINDOWS, ENERGY RATED HOT WATER,Multiple new HVAC systems, and Mini Splits . |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Tax ID/APN: | 033136L E 01100 |
| Zoning: | M-1 |
| Market Type: | Large |
| Property Located Between: | Downtown, airport, Tennesseee River , Hospitals . |
| Side of Street: | Northwest |
| Road Type: | Paved, Highway, Highway Service Drive, Outlot |
| Property Visibility: | Excellent |
| Transportation: | Bus, Shuttle, Rail, Highway, Airport, Taxi, Other |
| Highway Access: | Very easy to access aminicola hwy, hwy 153, and hwy 24, interstate 75 |
| Airports: | Chattanooga TN, Lovel field |
| Site Description: | 8 acres +- Paved , with Large building |
| Area Description: | Great area only minutes from major hospitals, industrial areas, transportation etc. |
| Total Number of Buildings: | 2 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 45,000 SF |
| Year Built: | 1920 |
| Year Renovated: | 2015 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Brick original Old Character remains , with mixture of some new windows and old warehouse windows. |
| Parking Ratio: | 6.4 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | NEWLY PAVED, 1400 - 1600 fenced parking areas, shaded waiting areas for busses etc. |
| Total Parking Spaces: | 900 |
| Freight Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Gigabit, Fiber Optic |
| Interior Description: | Property is secure with several areas that can be made to badge entrance only. Whatever you want. |
| Zoning Description: | M-1 - Heavy Insustrial |
| Lot Frontage: | 750+- |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Electric Lines, Water Rights, Utilities, Other |
| Land Ownership: | llc |
| Legal Description: | of record |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,968 | 58,447 | 157,385 |
| Median Age: | 34.12 | 35.21 | 37.23 |
| Households: | 3,107 | 22,934 | 67,164 |
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