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t r a n s l a t e

Chattanooga Office Portfolio | 7.5% Cap Rate

Chattanooga, TN
PRICE : $30,390,500
CAP RATE: 7.5%
PROPERTY TYPE: Office
BUILDING SIZE: 231,904 SF

Highlights

  • Excellent mix of national & quality local tenants
  • Occupancy 96% - WALT - 3.5 years
  • 42% revenue high-credit government tenants
  • Stable income plus excellent value-add
  • One of the strongest office markets in the country
  • Why Chattanooga? See the external links below

Description

Opportunity to acquire an attractive stable 7.5% cap rate office portfolio in the hot Chattanooga, Tennessee market with huge upside. Chattanooga is one of the best office markets in the country with over 96% occupancy. The portfolio has average rents of $14.72/SF and rents in the market average $20/SF with 3% vacancy and growing demand. A recipe for both safety and upside.

The portfolio consists of three buildings within a block from each other well located convenient to the Chattanooga Metropolitan Airport. Offers will be considered individually, however offers as a portfolio for all three buildings are preferred.

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