Value Add Office Building on Cedar Bluff Road

Office for Sale
Catylist Listing ID: 30829894
Property Subtypes: Office Building
Building Size (RSF): 56,187 SF
Gross Building Area: See Agent
Sale Price: $7,750,000
Unit Price: $137.93 PSF
Property Use Type: Investment
Building Name: Summit III
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2023

Overview / Comments

CBRE is pleased to present The Summit Building at Cedar Bluff. This 56,187 sf Class A office building was built in 2000 and has been very well maintained. Historically, the occupancy of this building has been over 90%. Currently the top floor of the 4-story building has been vacated, leaving just over 19,000 sf for an owner occupant or the opportunity to create a value-add investment. Pricing is well below replacement value. Current financing can be assumed. Contact listing agent for more information.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 119 02001
Zoning: PC
Property Located Between: On Cedar Bluff Rd.
Property Visibility: Good
Highway Access: Blocks from the exit onto I-40.
Total Number of Buildings: 1
Number of Stories: 4

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,524 72,126 138,796
Median Age: 36.83 38.07 38.12
Households: 3,084 31,004 57,649

Contact

Photograph of Listing Agent

John M Adams III, CCIM SIOR

CBRE, Inc. KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth, CCIM

CBRE, Inc. KAAR CIE Member
© Copyright 2001-2023 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.