INVESTMENT- OFFICE IN FT-OGLETHROPE

Office for Sale
Catylist Listing ID: 30501526
Property Subtypes: Office Building
Building Size (RSF): 8,199 SF
Gross Land Area: 0.47 Acres
Sale Price: $595,000
Unit Price: $72.57 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Frady
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/9/2019

Overview / Comments

This is in the very heart of Ft Oglethrope on Battlefield Prky. 8,199 SQ/FT . Two stories plus a basement with two offices and a garage. The cap rate of 8.7 % is based on a Proforma income statement. The owner had his offices in the building and he died several years ago and his heirs are just getting started on
getting leased up . It is approximately 50% occupied. Most tenants have been there for many years and their rates haven't been increased. The property is in great shape . Please call for more information.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: CATOOSA
Tax ID/APN: 0003D058
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: I 75 approximately three miles.
Airports: Chaattanooga Metro
Area Description: General Business
Total Number of Buildings: 1
Year Built: 1983
Exterior Description: on site parking
Parking Type: Surface
Parking Description: Froont and rear of building

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,551 40,567 108,405
Median Age: 36.61 39.96 37.9
Households: 3,216 16,862 44,720

Contact

Photograph of Listing Agent

John R Rewcastle

RE/MAX Properties Greater Chattanooga REALTORS® Member
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