Fully Leased Office - Central Avenue Pk

Office for Sale
Catylist Listing ID: 29921540
Property Subtypes: Office Building
Building Size (RSF): 10,361 SF
Gross Land Area: 0.59 Acres
Sale Price: $1,450,000
Unit Price: $139.95 PSF
Property Use Type: Investment
Building Name: First Priority Building - Central Avenue Pk
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.52%
Last Updated: 11/14/2019

Overview / Comments

10,361 SF office building, 100% leased. Private entrances and restrooms on each level, a full kitchen on the main level and kitchenette on the upper level. Two board rooms with high-end finish craftsmanship that open up to reveal one large conference room with teleconferencing. Private offices as well as 2,168sf open work group spaces.

Attachments & Media

Financials

Finance Data Year 2020
Net Operating Income $123,493 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 069IA013
Property Located Between: I-640 and Merchant's Dr
Area Description: Easily access to I-75, I-275, I-640, Clinton Highway (US 25W) & Downtown Knoxville via Gap Rd or Merchants Drive
Number of Stories: 3
Year Built: 2001
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Gigabit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,332 75,815 182,616
Median Age: 35.64 35.49 35.07
Households: 3,514 33,772 76,550

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