Cap Rate: 7.0%
Excellent investment in one of the best office parks in town. It is located in a high traffic area with maximum exposure to Shallowford Rd. The building was used as an owner occupant 'Urgent Team" and is currently vacant. Property is located in Shallowford Commons 'Ken Defour' development and has medical and commercial offices in this development. There is a Property Owners association to keep up the beautiful landscaping and large sign at the front entrance of the development. This is a triple net lease and the tenant space can be subdivided into 3 separate spaces with 3 main entrances into the individual spaces. Security is maintained by ERMC and it is surrounded by similar buildings that have a history of staying occupied with medical, attorneys, and general office space.
Nearest MSA: Chattanooga
Tax ID/APN: 138O B 002.22
Property Located Between: Shallowford and Olan Mills Drive
Area Description: In terms of building space, this property is larger than most commercial properties in the 37421 zip code. It offers 6,000 sq ft of space, while the average has around 3,486 sq ft.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Year Built: 1999
Year Renovated: 2004
Exterior Description: 6,000 Sf brick and block building surrounded by other similar well built and well maintained office spaces in the Shallowford Commons Development.
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