Medical Professional Building

Office for Sale
Catylist Listing ID: 30347881
Property Subtypes: Medical, Office Building
Building Size (RSF): 14,249 SF
Gross Land Area: 2.43 Acres
Sale Price: $2,900,000
Unit Price: $203.52 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Usable Size (USF): 14,249 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 10.19%
Last Updated: 2/13/2020

Overview / Comments

14,249 sq ft one story medical building on 2.73 acres located at 801 Oak Ridge TN 37830. Located on a corner lot with an estimated traffic count of over 25,000 vehicles per day. This well maintained building had the interior updated in 2018. There are 30 exam rooms and a lab in the building. Current occupants will have a 2 year lease from the closing date. 10.19% cap rate.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001100B A 00400
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,249 SF
Year Built: 1996
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 100
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: O-2 Office District
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Parcel ID/Tax ID 100B A 004.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,753 21,729 47,715
Median Age: 47.04 42.99 42.44
Households: 2,695 9,627 19,951


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