WestMed Building - Class A Medical/Professional - Sale or Lease

Office for Lease
Catylist Listing ID: 29932812
Property Subtypes: Office Building
Contiguous Space: 2,479 - 15,672 SF
Total Available: 28,169 SF
Building Size (RSF): 51,190 SF
Lease Rate: $21.20 - 21.90 PSF (Annual)
Base Monthly Rent: $4,379 - 28,601
Lease Types: Modified Gross
Building Name: WestMed Building
Class of Space: Class A
Last Updated: 4/9/2021

Overview / Comments

Class A office building in regional location at the I-40/75 & Pellissippi Pkwy (I-140/TN162) Interchange. Located in Century Park, and 80 acre office campus consisting of 14 existing and planned Class A office buildings. Located in the center of the Pellissippi Technology Corridor and convenient to Oak Ridge National Labs & Dept of Energy sites. Great finishes and inspiring architecture.

• Class A Building, Suites For Sale or Lease
• Located at the I-40/75 & Pellissippi Pkwy (I-140/TN162) Interchange
• Near Parkwest Medical Center (No Stoplights, On-call Distance)
• Great Finishes, Impressive Atrium & Architecture
• Monument Signage Available

Transparent NNN lease structure: Tenant pays base rent + operating costs which are reconciled annually (2017: $6.51 PSF, includes janitorial and water/sewer). These expenses will decrease when savings are realized, as opposed to Mod Gross or Full Service leases where they only increase.

Landlord will contribute a competitive tenant improvement allowance, based on condition of the suite leased, lease term, tenant's credit, and the amount of investment by tenant. Additionally, Landlord is open to amortizing additional TI monies above and beyond a competitive allowance into the rental rate, and in some cases will consider delivering a turnkey lease.

Expand All 3 Spaces Available

Suite: 110 (K) 2,479 SF $21.20 PSF (Annual) Modified Gross
Suite: 120 (A-G) 15,672 SF $21.90 PSF (Annual) Modified Gross
Suite: 210 (S-V) 10,018 SF $21.20 PSF (Annual) Modified Gross

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 118 19801
Road Type: Highway Interchange
Site Description: Site sits high and level visible to Pellissippi Parkway (I-140/TN-162)
Area Description: Fronting Pellissippi Parkway (I-140/TN-162) and visible to its interchange with I-40/75.
Number of Stories: 2
Year Built: 2004
Lot Frontage: 530
Lot Depth: 437

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,836 45,323 127,063
Median Age: 38.46 39.67 38.82
Households: 1,906 18,432 51,767

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