1 Maryville: Income-producing office for sale

Office for Sale
Catylist Listing ID: 30796282
Property Subtypes: High-Tech, Medical, Net Leased, Office Building
Building Size (RSF): 7,772 SF
Gross Land Area: 0.81 Acres
Sale Price: $1,620,000
Unit Price: $208.44 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: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/27/2022

Overview / Comments

Excellent investment opportunity in this income-producing office building in Maryville.

Built in 2003, the offices house a single tenant whose lease runs through April 2023, although the current tenant is relocating and would be open to negotiating with a new owner an earlier exit from his lease.

The floorplan includes an entry vestibule, a reception area, and 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 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. 222 Keller is also close to Blount Memorial Hospital (10 minutes), and it's about 8 minutes to downtown Maryville.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County, TN + Maryville, TN
Tax ID/APN: 005057OE00512
Highway Access: Highway access is excellent. Highway 129 (Alcoa Highway) and Highway 411 are major arteries that are both about a minute's drive from 222 Keller.
Airports: TYS is a 10-minute drive.
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: 39 spaces on surface lot, including 3 designated handicapped.
Total Parking Spaces: 39
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

Contact

Photograph of Listing Agent

Robert Finley

Lawler-Wood, LLC KAAR CIE Member
Photograph of Listing Agent

Daniel Odle

Lawler-Wood, LLC KAAR CIE Member
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