Heritage Place Condo Complex

Office for Sale
Catylist Listing ID: 30719204
Property Subtypes: Business Park, Executive Suites, Mixed Use
Building Size (RSF): 10,770 SF
Sale Price: $2,229,900
Unit Price: $207.05 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Building Name: Heritage Place Condos
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 5.3%
Average Occupancy Rate: 100
Last Updated: 5/16/2022

Overview / Comments

Class A office Condo Complex for sale... Offers 9 condos that are currently leased. Complex is well constructed and almost new condition. Location is first class. Great, convenient city location. This is the best 401k you can find. Fantastic cash flow. This investment only comes around once. Call for all details.


Finance Data Year 2021
Real Estate Taxes - Annual($) $18,283 (Annual)
Gross Operating Income $162,282 (Annual)
Net Operating Income $91,076 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Bradley County
Tax ID/APN: 042G C 001.00 000
Property Located Between: Heritage Place
Property Visibility: Excellent
Highway Access: Government Maintained Road
Airports: Within 5 miles
Site Description: Office Condos
Area Description: Office Condos
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 10,380 SF
Year Built: 2005
Year Renovated: 2018
Roof Type: Other
Construction/Siding: Stucco
Exterior Description: Stucco
Parking Ratio: 76 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Class A Office Space
Zoning Description: Professional
Lot Frontage: 176
Lot Depth: 385
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Office Condos

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,062 38,617 62,642
Median Age: 41.36 36.77 37.05
Households: 2,161 14,892 24,116


Photograph of Listing Agent

Max Phillips

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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