Building Name: Southern Point Bank
Neighborhood Description: The subject property is located on 817 Broad Street, just to the north of its intersection with Martin Luther King, Jr. Boulevard. Located directly within the central business district of Chattanooga, the subject property is conveniently positioned relative to the Interstate highway system (I-124 to the west and I- 24 to I-75 and I59).
Suite: NNN 15,600 SF $10 - 12 PSF (Annual) NNN
Space Available: 15,600 SF
Lease Rate: $10 - 12 PSF (Annual)
$13,000 - 15,600 (Monthly)
Lease Type: NNN
Space Description: Story Office Building with full Basement in Downtown Chattanooga. Building has been updated with Sprinkler system and new HVAC equipment. Building has one (1) elevator and two (2) stairwells. 1st floor is Custom designed and built out for a Bank with a 8'x 23' walk in vault with Safe Deposit boxes already in place and is leased to a credit bank tenant. 2nd Floor is finished nicely and ready for occupancy. 3rd and 4th floor is currently unfinished and can be build to suit to Tenants needs. 4th Floor could also be finished out as a residential unit if desired. Located halfway between the Sheraton Read House and the Pioneer Building. Square Footage is taken from recent appraisal. Buyer is responsible for confirming square footage figures. Parking is close and available.
Date Available: 4/8/2016
Lease Term: 36 Months
Space Type: Sublet
Nearest MSA: Chattanooga
Tax ID/APN: 033145CBB 00300P000
Property Located Between: Broad and Chestnut
Largest Nearby Street: Broad Street
Highway Access: Hwy 27 and Hwy 24
Airports: Chattanooga Metro
Site Description: Site Description -- The subject land has been identified as Hamilton County Tax Parcel 145CBB 003. As noted, the site contains .13 acre per the attached legal description and it is rectangular in shape. The site is basically no more than the building footprint with access on the west line of Broad Street. Its topography is level and on grade and not subject to flooding. The FEMA flood map and panel number is 47065C0341F, revised November 7, 2002.
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 5,000 SF
Exterior Description: Building Description – According to Assessor records, the subject structure was originally built in 1920. It is a four story building designed as part of the downtown Chattanooga central business district. Per information provided, each floor consists of 4,859 square feet of gross building area, resulting in a total above grade building area of 19,436 square feet. The fourth floor is unfinished and there is a full finished basement which is in fair condition. The total building area, including the basement is 24,295 square feet. The first floor is occupied as a branch bank and the second and third floors are finished but primarily unoccupied. The structure was built of masonry and it has metal and wood interior frame members. The roof is a flat, built-up system typical of CDB structures. The floors are poured concrete and they are variously covered in carpet and pad, ceramic and vinyl tile. Access to all floors is by stairway and an elevator located at the southeast corner of the building.
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