Maryville: Income-producing office for sale

Office for Sale
Catylist Listing ID: 30660086
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 7,772 SF
Gross Land Area: 0.81 Acres
Sale Price: $1,485,000
Unit Price: $191.07 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Usable Size (USF): 7,772 SF
Sale Terms: Cash to Seller
Cap Rate: 10.24%
Average Occupancy Rate: 100
Last Updated: 11/9/2020

Overview / Comments

Excellent investment opportunity in this income-producing office building in Maryville. Built in 2003 and listed at a CAP of 10.24, the offices house a single tenant whose lease runs through April 2023. The floorplan includes an entry vestibule, a reception area, fourteen individual offices around the perimeter of the building, with a large open space in the interior that is equipped with cubicles. There are two smaller conference rooms and one large one, and a generously-sized breakroom. One two-piece restroom is located adjacent to the reception area at the main entry; two five-piece restrooms are located in the interior of the building.

The site is a level 0.81 acres. Parking is marked for 39 spaces, three of which are designated handicapped.

This building is situated very well. It's in the heart of a relatively new, business oriented area with some nearby retail. It's adjacent to Maryville's main US Post Office, several banks, and other professional services providers.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County, TN + Maryville, TN
Tax ID/APN: 005057O E 00512
Zoning: BT
Property Visibility: Excellent
Airports: TYS
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,772 SF
Year Built: 2003
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Surface
Total Parking Spaces: 38
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Business & Transportation: City of Maryville

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,840 40,105 68,505
Median Age: 39.61 39.33 40.36
Households: 3,296 15,820 27,336
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