Base Pointe Building 1

Office for Sale
Catylist Listing ID: 30484655
Property Subtypes: Business Park, Institutional, Flex Space, Office Building, Research & Development
Building Size (RSF): 19,253 SF
Gross Building Area: See Agent
Gross Land Area: 3.25 Acres
Sale Price: $1,620,000
Unit Price: $84.14 PSF
Ceiling: 17 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Base Pointe Building 1
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.48%
Last Updated: 9/13/2019

Overview / Comments

Avison Young is pleased to offer to qualified investors the opportunity to purchase a building leased to three tenants (“Offering”). The Offering is a one-building, multi-tenant flex complex in Base Pointe Business Park. Base Pointe is a 38-acre business park located along I-140 (Pellissippi Parkway) in between two interchanges. The offering is 3.25 acres and is improved with a 19,253 square foot building that was originally built in 2003.

Current Tenants

Tenant Business Name Eaton
Is Renting? Yes
Annual Revenue $88,150 (Annual)
SF of Space Occupied 8,815 SF
Current Rent $10 PSF (Annual)
Lease Expiration 4/0030
Tenant Business Name Global Marine Networks
Is Renting? Yes
Annual Revenue $28,197 (Annual)
SF of Space Occupied 3,715 SF
Current Rent $8 PSF (Annual)
Lease Expiration 1/0001

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005017 05600
Zoning: PLANNED COMMERCIAL/LIGHT MANUFACTURING UNIT DEVELOPMENT E-2 (ALCOA)
Property Visibility: Excellent
Highway Access: Located in the southwest quadrant of the I-140 and Alcoa Highway interchange.
Airports: Less than five minutes to McGhee Tyson Airport
Site Description: The Park is accessed via Wrights Ferry Road from either Topside Road or Alcoa Highway. Access is easy and clear with a traffic signal at Topside Road and recently widened and resurfaced Wrights Ferry Road.
Area Description: Base Pointe Business Park is located at the I-140 and Alcoa Highway interchange in Louisville, TN which is in the Knoxville-Morristown-Sevierville Combined Statistical Area (CSA). The Knoxville-Morristown-Sevierville Combined Statistical Area (CSA) is centrally located at the intersection Interstate 75, Interstate 40, and Interstate 81. Over two-thirds of the nation’s population lives within a day's drive of the region. The Park’s prime location has immediate highway access, is less than five minutes to McGhee Tyson Airport, nine minutes from West Knoxville, 15 minutes from the University of Tennessee and 12 minutes from downtown Maryville.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2003
Roof Type: Folded Plate
Construction/Siding: Block, Steel Frame, Stucco
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Internet Access: T1/T3, Fiber Optic
Interior Description: City of Alcoa (electric, water, sewer, streets, and fire protection) AT&T and Charter Communications (telephone and data, T1 and fiber optic, redundant feeds available) ATMOS Energy (natural gas)
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,577 17,607 58,835
Median Age: 42.65 40.84 40.96
Households: 1,123 7,587 24,345

Contact

Photograph of Listing Agent

Brian H. Tapp, CCIM

Avison Young KAAR CIE Member
Photograph of Listing Agent

Justin Cazana

Avison Young KAAR CIE Member
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