820 Broad Street- Entire Second Floor

Office for Sale
Catylist Listing ID: 30716497
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 9,792 SF
Gross Building Area: 40,160 SF
Sale Price: $2,100,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: 820 Broad
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

Unique opportunity to own the entire second floor of the incredible 820 Broad Street building. This Class "A" office space is located in the heart of Chattanooga's CBD and is conveniently located at the corner of Broad Street and MLK Boulevard. The second floor is 9,792 SF and previously occupied by Belhaven University. The space is completely built out and ready for it's new owners.

The floor divided into two suites with one tenant, occupying 1,560 SF on the front corner facing Broad Street. This tenant can stay in place or will vacate upon new ownership.

Parking: Each floor is allocated 25 parking spaces at $80/month per parking space.

Current building tenants:
1st Floor: Morgan Stanley
3rd Floor: The Maclellan Foundation
4th Floor: Gen-Tech Construction & R.L. Kathrina Foundation

BOA Fees:
$4200/Month and includes: Insurance, utilities, maintenance and janitorial

2020 Taxes: $39,699.31

2017 Building improvements:
-New Boiler
-New HVAC
-New Roof

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Is Condo?: Yes
Property Located Between: Corner of Broad & MLK
Property Visibility: Excellent
Highway Access: Easy access to Highway 27
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 10,404 SF
Year Built: 2001
Parking Type: Surface
Parking Description: 2nd Floor is allocated 25 spaces @ $80/month per space
Total Parking Spaces: 104
Passenger Elevators: 2
Zoning Description: D-CX-12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,060 50,942 124,465
Median Age: 32.05 33.65 36.5
Households: 4,213 20,331 51,634

Contact

Photograph of Listing Agent

Robert Maclellan

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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