5751 Cornelison Rd - Office FOR SALE


Chattanooga, TN 37411- Brainerd
$1,600,000 USD
770-653-4251
5751 Cornelison Rd, Chattanooga, TN for Sale
$1,600,000 USD
Office - FOR SALE
1/14
null | 8.35% Cap Rate

5751 Cornelison Rd
Chattanooga, TN 37411
Brainerd


HIGHLIGHTS

  • Low basis play @ $93 PSF
  • Excellent visibility to over 115k VPD on I-75
  • 100% occupied with below market rents

OVERVIEW

-Owner/User opportunity -Minutes from new mixed use and CHI Memorial Stadium -4.4% office vacancy in Chattanooga -Recent sale comparables next door of +$127 PSF -Single story office - in demand product type with lower operating cost compared to multistory product -Mark to market opportunity - average market rents of $22.25 with in-place rents of $12.17

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

C2

APN/PARCEL ID

157M-A-009.01

ASK ABOUT THIS PROPERTY

Casey KeitchenNewmarkMore Info
770-653-4251

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Casey KeitchenNewmarkMore Info
770-653-4251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.