Office Building NNN 8 Cap

Office for Sale
Catylist Listing ID: 30378534
Property Subtypes: Business Park, Office Building
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $1,460,000
Unit Price: $208.57 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 9/6/2019

Overview / Comments

Right on Shallowford Road! Great visibility with traffic from Hwy-153. Two suites are being sold together. These two suites total square footage is 7,076. Suite
101 includes: Reception Area, Large Conference Room, Small Conference
Room, Kitchen, 5 Executive Offices, 4 Cubicle Spaces and Restroom. Suite 103
features: Reception Area, Conference Room, Cubicles and Executive Office.
The office building was built in 2000 and has been well maintained. Both suites face Shallowford Road giving the business space excellent visibility.

Both spaces are fully leased and have a cap rate of 8.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033138J A 00103
Zoning: C-5
Property Located Between: Shallowford Road and Highway 153
Property Visibility: Excellent
Highway Access: Highway 153 access - 0.6 mile; I-75 access 2.7 miles via Shallowford Road
Airports: Chattanooga Metropolitan Airport (CHA) - 2.9 miles
Area Description: Property is located on a principal arterial - Shallowford Road - just a little over 1/2 a mile from Highway 153. This portion of Shallowford Road is occupied by commercial businesses (such as fast food restaurants, gas stations, car lots, banks, medical and professional offices) that are surrounded by residential properties. Hamilton Place Mall and the densely populated retail district that surrounds it are just minutes away and the airport is less than 3 miles. This area has quick access through major interstates and roadways that allow quick travel times to all major suburbs of the Chattanooga area.
Number of Stories: 1
Year Built: 2000
Parking Type: Surface
Lot Frontage: 145
Lot Depth: 178

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,487 43,963 133,896
Median Age: 41.45 40.04 39.62
Households: 2,134 19,651 56,314

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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