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.
|
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 |
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 |
|
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