6501 Deane Hill Dr - Office FOR SALE


Knoxville, TN 37919
$7,500,000 USD
865-264-2078
6501 Deane Hill Dr, Knoxville, TN for Sale
$7,500,000 USD
Office - FOR SALE
1/20
null | 6.02% Cap Rate

6501 Deane Hill Dr
Knoxville, TN 37919


HIGHLIGHTS

  • Fully leased by single tenant w/ "A" credit rating by A.M. Best until 2029
  • Ideally located on Bearden Hill, close proximity to the I-40/75.
  • Ample parking and natural light
  • Upgraded LED lights, flooring, paint and fiber optics in 2019

OVERVIEW

Investment opportunity to purchase this 36,921 SF, single tenant building, ideally located off Kingston Pike on Bearden Hill, 1 mile from I-40/I-75. The single tenant has an "A" credit rating by A.M. Best with a modified gross lease in place until 2029 -- with annual CPI inflators and an option to extend. Please inquire for additional financial information. The interior of the building has two floors and was renovated for the existing tenant in 2019. The exterior of the building is a combination of steel and brick, with drive up access on both floors. Ample windows create natural light throughout, while the property has 149 paved parking spaces for a 4.04 parking ratio / 1000 RSF -- with several spaces subleased by a neighboring business. Additional details: - Upgraded LED lighting - 2000A / 120V/208V, 3-phase electrical supply - Executive office suites - Genflex TPO roof (installed in 2018) - Trane gas pack HVAC units (located on the roof) - Upgraded fiber optic cabling - 2,750 SF of detached and enclosed garage space. The building is currently occupied and requires 24 hour notice prior to any interior showing.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

149

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

C

APN/PARCEL ID

121AC-01201

ASK ABOUT THIS PROPERTY

Jordan M. MollenhourMollenhour Gross Real EstateMore Info
865-264-2078

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Jordan M. MollenhourMollenhour Gross Real EstateMore Info
865-264-2078

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