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Suite 105, Chattanooga, TN 37421

Commercial property for sale

  • Description
  • This 1,820SF office building is 100% leased and will make an excellent investment. It is located in developer Ken Defoor's Shallowford Commons office park. Please see the attachment for details. Shallowford Commons is one of the nicest office parks in town. The property appreciation for this location has been excellent and will continue to be because of the location, quality construction, amenities, quality tenants and owners. The majority of the office condos are owner occupied. There is an active Owners Association. This 1,820SF building has Care Focus, Inc. as the tenant. Care Focus, Inc., Columbia, MD is 54 months into a triple net (NNN) 60-month lease with a base rental rate of $14.19/SF and $3.44/SF in additional Common Area Maintenance (CAM) fees. The NNN income is $25,683/year or $2,140.25/month. It is likely that they will renew their lease for at least 36 months. They may consider a longer lease. Please note this 10.19 % Cap Rate and 30% cash-on-cash return is dependent on the tenant renewing their lease at the same rate. Building price details: $247,500.
  • Property Details
  • Building Name: Located at Shallowford Commons
    Property Type: Office
    Use Types: Business Park, Net Leased, Office Building
    Status: Available
    Price: $ 136 +/SF
    Number of Stories: 1
    Year Built: 2004
    MSA: Chattanooga
    Zoning: C2-Commercial
    Buildings: 1
    Tenancy: Single Tenant
    Broadband Internet: ISDN
    Terms: Cash to Seller
    Added: 02/04/2012
    Last Update: 08/23/2012
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 10
    Parking Type: Surface
  • Contact info
  • 423-664-1550 [Office]
  • Note

  • Details Info about this row that located on Suite 105, Chattanooga, TN 37421 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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