Catylist ID:
#30797244
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 |
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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