Sweetgrass Cleveland

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30716550
Property Subtypes: Business Park, Executive Suites, Medical, Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 10,329 SF
Gross Building Area: See Agent
Gross Land Area: 1.48 Acres
Sale Price: $1,850,000
Unit Price: $179.11 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Sweetgrass Court
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 90
Last Updated: 4/7/2021

Overview / Comments

Excellent triple net investment with a strong tenant mix. This is a class a property located on Keith Street in Cleveland with great visibility. Traffic count is 26,000 cars per day. The tenants are Benchmark Physical Therapy, Acadia Healthcare as well as Edward Jones. The hospital group is just moving in with a long term lease in place. There is one small space 900 sq ft that is vacant.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland / Bradley Co
Tax ID/APN: 042H E 001.04 000
Zoning: COMMERCIAL HIGHWAY
Property Visibility: Excellent
Highway Access: Hwy 11 (Keith Street)
Airports: CHA
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,500 SF
Year Built: 2008
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Total Parking Spaces: 70
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial Highway
Lot Frontage: 181
Lot Depth: 306
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,355 38,751 62,642
Median Age: 42.04 36.4 37.05
Households: 4,414 15,156 24,116

Contact

Photograph of Listing Agent

Joe Lee

K W Cleveland Greater Chattanooga REALTORS® Member
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