• Office/Flex for Sale | Investment or Owner-User - 1059 E Tri County Blvd, Oliver Springs, TN 37840

For Sale

Office

For Sale

This property is available for sale
3.78
Acres
$2,150,000
Sale Price
  • Year Built
    1978
  • Total Building Size
    45,488 RSF
  • Overview

    Tri County Blvd adjoining to Beech Park Baptist Church retail strip center and car wash Property Highlights: -Heavy office buildout adjoining retail strip center -Multiple docks and dock-high, 800 amp phase 3 -2,100 SF accessory warehouse building in the back -Owner is willing to lease-back at $4.30/SF NNN for 10 years ($195,598.40 annual NOI = 9.1% Cap Rate) -Owner is willing to vacate and would need 90 days to move-out for owner-user after closing -Appraised for $2.4mm in December of 2016 -5.85 per 1,000 Parking Ratio -C-3 Commercial Zoning

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Property Details

Tri County Blvd adjoining to Beech Park Baptist Church retail strip center and car wash Property Highlights: -Heavy office buildout adjoining retail strip center -Multiple docks and dock-high, 800 amp phase 3 -2,100 SF accessory warehouse building in the back -Owner is willing to lease-back at $4.30/SF NNN for 10 years ($195,598.40 annual NOI = 9.1% Cap Rate) -Owner is willing to vacate and would need 90 days to move-out for owner-user after closing -Appraised for $2.4mm in December of 2016 -5.85 per 1,000 Parking Ratio -C-3 Commercial Zoning

  • Property Type
    Office
  • Year Built
    1978
  • Sale Price
    $2,150,000
  • Total Building Size
    45,488RSF
  • Total Acres
    3.78
  • Building Class
    C
  • Sale Status
    Available
  • Last updated
    Sep 03, 2021
  • Property ID
    2202548

Landlord's Sales Representatives

  • rmcelveen@koellamoore.com
     
  • Matt Fentress
    NAI Koella | RM Moore