Shallowford Rd Office Condo For Lease - 7 Offices

Office for Lease
Catylist Listing ID: 30424168
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Office Building
Contiguous Space: 2,250 SF
Building Size (RSF): 2,250 SF
Gross Building Area: 13,200 SF
Gross Land Area: 0.41 Acres
Lease Rate: $22 PSF (Annual)
Base Monthly Rent: $4,125
Lease Types: NNN
Ceiling: 9 ft.
Building Name: Hamilton Office Park
Class of Space: Class B
Usable Size (USF): 2,250 SF
Last Updated: 6/14/2019

Overview / Comments

This is a very nice and functional office condo suite just off of Exit 5 near Hamilton Place Mall. The suite has been the "Low T Center" medical office suite for several years. Low T Center has now moved out and the suite is immediately available. It is located in the Hamilton Office Park. It is at the corner of Ogletree Avenue and Shallowford Rd.

The suite has a very functional floor plan (attached) with 7 offices, lobby with restroom, nurses station, breakroom and rear restroom. The rear restroom also has a shower. There is a rear door and small grassy area behind the suite. The suite has 2,250 SF.

I also have the suites on either side listed. They are 2,250 and 1,750 square feet. Potentially, all three suites could be combined for a total of 6,250 SF. These other two suite are owned by a separate owner.

Expand All Available Space

Suite: 114 2,250 SF $22 PSF (Annual) NNN
Level/Floor: 1
Space Available: 2,250 SF
Lease Rate: $22 PSF (Annual)
$4,125 (Monthly)
Lease Type: NNN
Date Available: 1/1/2020
Lease Term: 60 Months
Space Type: Relet
Tax Expenses $3.37 PSF (Annual)
Operating Expenses $0.91 PSF (Annual)
CAM Expenses $1.27 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3%

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/ Chattanooga City
Tax ID/APN: 149J A 001.01C003
Zoning: R4
Property Located Between: Shallowford Rd and Ogletree Ave
Property Visibility: Good
Highway Access: Located just one block from Gunbarrel Road and two blocks from Exit #5 off I-75
Airports: Chattanooga Metropolitan
Site Description: The whole property contains 2 buildings which are owned via a condominium agreement.
Area Description: Is located in Hamilton Place sub-market just off of Exit 5 from I-75 in the Hamilton Office Park. This is the retail center of Hamilton County/Chattanooga and is becoming a medical center too. Fifty percent (50%) of Chattanooga's housing growth is in this sub-market.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 2,250 SF
Year Built: 2006
Construction/Siding: Brick
Exterior Description: Attractive Red Brick
Parking Type: Surface
Parking Description: Parking Lot is level and striped. Parking is in front of the suite.
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: See floor plan attached. 7 offices, large lobby, handicap restroom up front and in the rear, nurses station, breakroom, mop sink.
Zoning Description: R4
Lot Frontage: 30
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,637 49,829 97,961
Median Age: 39.57 40 39.61
Households: 3,522 20,733 39,729


Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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