862 Callen Ln NW - Medical FOR SALE
Cleveland, TN 37312 |
$4,729,000 USD
561-427-6699
862 Callen Ln NW
Cleveland, TN 37312
HIGHLIGHTS
- New construction med-tail asset with long-term NNN leases and annual rent increases
- Rent is secured by three experienced and successful medical groups that have made large investments and long-term leases
- Strategically located .20 miles from I-75 Interchange just off Paul Huff Parkway, the primary commercial thoroughfare serving Cleveland
- Tenants reimburse for Taxes, CAM, Insurance and Management fees
- Fixed annual rent increases provides hedge against inflation
- Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
OVERVIEW
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this fully occupied medical office building with long-term NNN leases. The property is strategically located just off Paul Huff Parkway, Cleveland's primary commercial thoroughfare with close proximity to I-75, Publix and The Home Depot.
FOR SALE DETAILS
PRICE
$4,729,000 USD
PRICE/SF
$488 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
862 Callen Lane Prof Center | NNN Leases
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
59
LAND DETAILS
LAND ACRES
1.56 AC
LAND SF
67,954 SF
ZONING
PUD
APN/PARCEL ID
034I-F-015.00
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561-427-6699
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561-427-6699
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