Investment Property for Sale - 2307 W AJ Hwy, Suite 111

Office for Sale
Catylist Listing ID: 30634752
Property Subtypes: Medical, Office Building
Building Size (RSF): 2,042 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $183.64 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2020

Overview / Comments

Available for Sale only. Office space available on the main arterial corridor of Morristown with a traffic count of 50,614 cars daily. Newly sealed and striped parking lot.

This space is currently occupied by a dentist with ~4 years remaining on the NNN lease. Tenant's current rent is $2325/month through June 2021, then increases to $2440/month through June 2024.

Contact broker for more information.

Attachments & Media

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032041B B 00600
Property Located Between: Advance Auto Parts and Moyers Veterinary
Number of Stories: 1
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,897 27,781 47,372
Median Age: 38.74 37.48 38.81
Households: 1,871 10,866 18,589

Contact

Photograph of Listing Agent

Andrew Wilmoth

Avison Young KAAR CIE Member
Photograph of Listing Agent

Jim Holleman

Avison Young KAAR CIE Member
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