Twin Oaks Office Park

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30774162
Property Subtypes: Medical
Status: Pending/Contingent
Building Size (RSF): 5,067 SF
Gross Land Area: 1 SF
Sale Price: $625,000
Unit Price: $123.35 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Twin Oaks office park
Class of Space: Class B
Usable Size (USF): 5,067 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/30/2021

Overview / Comments

The property includes 2 office suites A & B. The combined leased space is 5067 Square Feet. These office suites are completely built out. Unit A. has Smiles dental office. 2667 sq. ft. The modern reception area and waiting room flow directly into the clinic area and office area.
Unit B. is built out as a medical office with waiting area/ reception area. The exam rooms flow around the central office area. Break room .
The outside complex is brick with ample parking. The monument sign offers great exposure in the medical corridor of Cleveland Tn. Tennova hospital is just a few blocks from Twin Oaks Office Park.
The opportunity to own 2 office suite rarely comes around.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Bradley County
Tax ID/APN: 049D J 019.00 000
Zoning: PI
Property Located Between: 25th and 20th streets.
Property Visibility: Excellent
Highway Access: I-75 access Exit 25 is the nearest connector.
Airports: CHA 23 mi./ Cleveland Jetport 8.3 mi.
Site Description: The site is level and offers many paved parking spaces. The Brick exterior is well maintained. High visibility from Chambliss Ave.
Area Description: This is the Medical district area of Tennova Hospital. The area has many support businesses to the medical practices along Chambliss Ave.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Brick exterior with a private entrance to each suite.
Parking Type: Surface
Parking Description: Shared lot with 4 office suites.
Heat Type: Electricity
Heat Source: Central
Internet Access: DSL
Interior Description: Each suites are medical office with exam rooms. They offer staff breakrooms and waiting areas.
Zoning Description: PI Professional Institutional. This is in the medical corridor of Cleveland.
Lot Frontage: 171
Lot Depth: 337
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Condominium association

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,576 41,980 71,487
Median Age: 32.38 36.09 37.39
Households: 4,389 16,484 27,531

Contact

Photograph of Listing Agent

Shawn Matthews

Coldwell Banker Kinard Realty Greater Chattanooga REALTORS® Member
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