Leitner Building - Fully Leased Office Investment

Office for Sale
Catylist Listing ID: 30816823
Property Subtypes: Office Building
Building Size (RSF): 50,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.62 Acres
Sale Price: $5,565,000
Unit Price: $111.30 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: The Leitner Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.37%
Last Updated: 9/29/2022

Overview / Comments

CBRE and Mitch Cox Realtor are pleased to present The Leitner Building, an approx. 50,000 SF, single-tenant office property in Bristol, TN. The property is within a Designated Opportunity Zone for Sullivan County. Originally built in 1964, the Leitner building was renovated in 2018-2019. This property is 100% leased and the corporate home to the publicly traded Alpha Metallurgical Resources, Inc., a leading U.S. supplier of metallurgical products for the steel industry with operations spanning multiple states.

Contact agent for Offering Memorandum.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082021AB00400
Zoning: B3
Property Visibility: Excellent
Highway Access: I-81
Airports: Tri Cities Regional Airport
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1964
Year Renovated: 2019
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,830 39,111 53,938
Median Age: 38.53 41.06 42.12
Households: 5,518 16,978 23,197

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
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