100% Occupied Office for Sale - West Knoxville

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30797244
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 13,726 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $1,350,000
Unit Price: $98.35 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2022

Overview / Comments

This is a great opportunity to own a fully leased office building in West Knoxville. The property is walking distance to the Kingston Pike-Peters Road retail district and very close to1-40/1-75. There are 16 Tenants that work in medical device sales, insurance, CPA, hair salon and language instruction. Many of them have been in the property for years and plan on staying. The property has great visibility. All leases are full service with the exception of Internet and phone. In this location there will always be demand for office. Financials are available upon signing an NDA. All measurements are taken from Courthouse Retrieval Service, leases and a survey.

Link to the NDA and Deal Room, cut and paste into your browser for more information.

https://dealroom.realnex.com/ca.aspx?data=id%2fMf94moyqVj8BRsdZXZQ%3d%3d

https://dealroom.realnex.com/ca.aspx?data=id%2fMf94moyqVj8BRsdZXZQ%3d%3d

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $7,177 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 132 03407
Zoning: PC
Property Visibility: Good
Area Description: Kingston Pike west to left onto Peters Road. Property on the left.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1979
Roof Type: Gable
Parking Type: Surface
Total Parking Spaces: 45
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 150
Lot Depth: 307
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,523 73,703 141,888
Median Age: 35.44 37.83 38.1
Households: 3,074 31,691 59,254

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