414 Greenbelt Dr

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30390787
Property Subtypes: Medical
Status: Pending/Contingent
Building Size (RSF): 7,174 SF
Gross Building Area: See Agent
Gross Land Area: 0.60 Acres
Sale Price: $1,100,000
Unit Price: $153.33 PSF
Property Use Type: Investment
Building Name: Maryville Pediatric Group
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.4%
Average Occupancy Rate: 100
Last Updated: 3/25/2021

Overview / Comments

Children's Hospital has signed a new 3 year NNN lease. Children's has been operating in this location for 25 years.

Traditional medical building set up with sick and well waiting rooms, reception, billing offices, nurses stations, lab area, dictation booths, 15 exam rooms (most with sinks), xray room, large library with break area, locker room, kitchen, several doctor's offices, storage closets, and restrooms. 33 parking spaces. See attached floor plans.

Property over looks the Maryville Greenbelt and has views to the Smoky Mountains!

Owner Financing Available!

NOI = $100,114
ROIC = 13.5%
Cap Rate = 9.0%
Debt Coverage Ratio = 1.43

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 057D C 030.02
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1978
Roof Type: Flat
Parking Type: Surface
Parking Description: Along 2 sides of the building and front.
Total Parking Spaces: 33

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,807 45,082 69,972
Median Age: 34.98 39.31 40.4
Households: 3,868 18,450 28,016


Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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