Midtown Office Park - GSA Leased Osborne Office Center for Sale

Office for Sale
Catylist Listing ID: 30381489
Property Subtypes: Business Park, Governmental, High-Tech, Office Building
Building Size (RSF): 99,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.30 Acres
Sale Price: $11,500,000
Unit Price: $116.16 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 6/13/2019

Overview / Comments

Osborne Office Center is a modern glass six-story office building with over 99,000 square feet of leasable space set in a park-like site.

High occupancy rate, averaging 95% with the largest anchor tenant being a GSA department with over 17* years remaining on their lease (over 60% of the building).

Anchor tenants include United States Nuclear Regulatory Commission, Chitwood & Chitwood (financial services) and Healthcare Strategies (healthcare management). This NRC location is one of only seven in the nation.

Buyer to verify any and all information deemed necessary. Argus reports and lease abstracts available upon request.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 157M-A-009.02
Property Visibility: Excellent
Highway Access: Interstate 75
Airports: Chattanooga
Area Description: Surrounded by other office and retail.
Total Number of Buildings: 1
Number of Stories: 6
Year Built: 1981
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,535 62,499 153,962
Median Age: 36.74 38.86 38.23
Households: 4,882 27,686 64,073

Contact

Photograph of Listing Agent

Andrew D Holt

Healy & Company, LLC Greater Chattanooga REALTORS® Member
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