The 701 Building

Office for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30735929
Property Subtypes: High-Tech, Office Building
Status: Pending/Contingent
Building Size (RSF): 20,250 SF
Sale Price: $5,500,000
Unit Price: $271.60 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: The 701 Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

Interested in owning a landmark building at 7th and Cherry in the heart downtown?

100% leased. Avg remaining terms: 5+ years.

Approx NOI: $350,000 and increasing.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Central Business District
Property Visibility: Excellent
Number of Stories: 3
Typical SF / Floor: 6,750 SF
Year Renovated: 2015
Roof Type: Flat
Passenger Elevators: 1
Internet Access: Gigabit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 127,127
Median Age: 32.04 33.96 36.72
Households: 3,804 20,870 52,886


Photograph of Listing Agent

J. Matthew McGauley

Fidelity Trust Company Greater Chattanooga REALTORS® Member
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