328-330 Southdowne Drive

Office for Sale
Catylist Listing ID: 30509243
Property Subtypes: Business Park, Medical, Flex Space, Office Building
Building Size (RSF): 4,800 SF
Gross Land Area: 0.86 Acres
Sale Price: $659,900
Unit Price: $137.48 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Lincare
Class of Space: Class B
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/23/2019

Overview / Comments

Located in the City of Maryville off W. Lamar Alexander Pkwy. Currently vacant 1800sf under construction. Build to suit your needs. Building has glass store front and overhead garage door in back. Adjacent 3000sf unit has an international medical supply tenant, that has occupied the space for 12 years.
The approved site plan shows a future 2400 SF space with the address of 322 Southdowne.
This property is offered by the owner/agent Ed Johnson.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,605 (Annual)
Tax Value Land $59,100
Assessed Value - Total($) $560,700 (Annual)
Potential Rental Income $67,200 (Annual)
Gross Operating Income $40,692 (Annual)
Net Operating Income $30,207 (Annual)
Actual or Proforma Year Actual
Lender Name Y-12 Federal Credit Union

Current Tenants

Tenant Business Name Lincare Holdings a Linde Company
Contact Name Rachel Witt
Contact Title Manager
Industry Type Health Care and Social Assistance
Is Renting? Yes
Annual Revenue $180,000,000 (Annual)
Employees Total 11,000
Employees at Location 10
Suite Number 330
SF of Space Occupied 3,000 SF
Current Rent $3,391 PSF (Annual)
Tenant Notes Tenant has occupied for 12 years. They are on a month to month lease extension. They have expressed no intent to leave.
Tenant Business Name Vacant( under construction)
Suite Number 328
SF of Space Occupied 1,800 SF

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: City of Maryville
Tax ID/APN: 005056E B 01000
Zoning: BUSINESS TRANSPORTATION
Property Visibility: Good
Highway Access: W Lamar Alexander Pkwy to L on Ross Drive to R on Southdown to property at end of cul de sac.
Airports: Knoxville McGhee Tyson(TYS).
Site Description: Private location on culdesac of conveniently located business park. Full drive around for delivery drops that will accommodate large trucks. Roll up doors and rear exit doors offer excellent flex options.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,800 SF
Year Built: 2007
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Two storefronts built using eight inch concrete/steel NUDURA ICF walls .Steel stud interior walls. Wood sloped roof trusses with metal roofing. Stucco finished exterior.
Parking Type: Surface
Parking Description: Seventeen spaces including two handicap spaces. Flat lot with no steps to building. Handicap access.
Total Parking Spaces: 17
Sprinklers: None
Heat Type: Electricity, Suspended Radiant Heaters
Heat Source: Central, Radiant, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Interior Description: 3000SF space is finished in drywall and configured as an office/warehouse See PDF of Prerliminary Plan for Suite 328.
Zoning Description: Business Transportation
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Joint ingress/egress with adjacent parcel.
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,064 29,686 69,269
Median Age: 32.66 40.59 40.18
Households: 2,086 12,126 27,531

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