100% Leased Investment West Knox! Sale Includes Add. 1 Acre Site

Office for Sale
Sale Pending
Catylist Listing ID: 29710726
Property Subtypes: Executive Suites, Mixed Use, Net Leased, Office Building
Status: Pending
Building Size (RSF): 7,500 SF
Gross Building Area: 7,755 SF
Gross Land Area: 2.07 Acres
Sale Price: $1,199,000
Unit Price: $159.87 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Cross Park Professional Building
Class of Space: Class B
Usable Size (USF): 7,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 94
Last Updated: 4/16/2019

Overview / Comments

100% Leased Investment Office for Sale! Separately metered utilities, low maintenance all Brick Building w Metal Standing Seam Roof. Front door parking.
Monument signage on Cross Park Drive.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 11903403
Zoning: PC-1
Market Type: Medium
Property Located Between: Cedar Bluff and Walker Springs
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Shuttle, Taxi, Other
Highway Access: I-40 & 75
Airports: 20 minutes
Site Description: Level site graded and developed w professional office building.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Year Built: 2004
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: All brick with large double pane insulated windows.
Parking Type: Surface
Parking Description: Level free parking at the door.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup, Other
Interior Description: Hardwood floors with partitioned offices. Mix of drop ceilings and finished smooth drywall ceilings. Lighting is recessed can lights and 2X2 flourescent lighting.
Zoning Description: PC-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,697 68,775 149,104
Median Age: 33.22 37.6 38.04
Households: 5,201 30,120 62,406

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