Multi-Tenant Office for Sale – 100% Leased

Office for Sale
Catylist Listing ID: 30798035
Property Subtypes: Office Building
Building Size (RSF): 25,984 SF
Gross Building Area: See Agent
Gross Land Area: 1.51 Acres
Sale Price: $3,400,000
Unit Price: $130.85 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2022

Overview / Comments

This property is located in the heart of West Knoxville just off Kingston Pike at the Pellissippi Parkway. It is only a few hundred yards to the I-40/I-75 entrance ramp and is centrally located between Maryville and Oak Ridge. This is a proven income producing property in a state with no income taxes. The property has 12 tenants ranging from a hair salon, church, personal trainer to oral surgeons. Tenants pay their own electricity, gas and water. There is upside room on the rents. Roof is 12 years old. Non-Disclosure Agreement is required to look at the financials and leases.

Access the Deal Room for financial information and leases. Cut and paste below.

https://dealroom.realnex.com/ca.aspx?data=id%2fMf94moyqeAaRVHl635g%3d%3d

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $12,154 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 131 11902
Zoning: CB
Site Description: Level
Area Description: Kingston Pike to North on Mabry Hood, property on the right.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1987
Roof Type: Other
Construction/Siding: Brick
Total Parking Spaces: 88
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,101 57,756 126,800
Median Age: 42.86 38.38 39.19
Households: 794 23,664 52,164

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