Pine Ridge Office Park

Office for Sale
Catylist Listing ID: 30329554
Property Subtypes: Office Building
Building Size (RSF): 60,000 SF
Sale Price: $2,850,000
Unit Price: $47.50 PSF
Property Use Type: Investment
Building Name: Pine Ridge Office Park
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/8/2020

Overview / Comments

The property consists of multiple office buildings with flexible space for small to mid-sized tenants. Surface Parking to the door.

• Convenient location in Oak Ridge
• Easy Access to Knoxville on Pellissippi Parkway
• Flexible floor plans and lease terms
• High Visibility on Illinois Avenue
• Drive up to the door locations

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Anderson
Property Located Between: Lafayette
Area Description: The property is located in Oak Ridge with convenient access to downtown Oak Ridge and Pellissippi Parkway to Knoxville. The property has excellent visibility and access to S. Illinois Avenue. Oak Ridge is well-known as the “Secret City” because of its origins during the World War II Manhattan Project, and it continues to enjoy close ties to the federal government today. The city is home to the Oak Ridge National Laboratory, which has a budget of $1.5 billion and is the largest U.S. Department of Energy science and energy laboratory; and to the Y-12 National Security Complex, which manufactures components for nuclear weapons and processes highly enriched uranium for U.S. Navy submarines and aircraft carriers.
Number of Stories: 2
Year Built: 1985
Parking Ratio: 4.1 (per 1000 SF)
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,214 22,496 37,214
Median Age: 38.42 41.81 41.92
Households: 1,612 9,945 15,775

Contact

Photograph of Listing Agent

Michelle Gibbs

NAI Koella | RM Moore KAAR CIE Member
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