Shallowford Commons Complex

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30080009
Property Subtypes: Business Park, Executive Suites
Status: Pending/Contingent
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $1,320,000
Unit Price: $110 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2018

Overview / Comments

This is an excellent office suite property in Ken Defoor's Shallowford Commons Executive Office Park, one of the best office parks in Hamilton County. Exposure and access are second to none, there is a large, shared parking lot that has just been resurfaced. The entire development is beautifully landscaped and very well lit.

This area is a busy complex. Pinnacle Investment has just built an investment center in front of the property, creating lots of activity. Internet connection is cable/fiber. Call agent for information on existing leases in this building.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033138O B 00219P000
Property Located Between: Other executive suites in the Shallowford Commons Development
Property Visibility: Excellent
Highway Access: 153, Shallowford Rd.
Airports: Chattanooga Metro
Site Description: Level, well lit, well maintained property with parking.
Area Description: Located in successful, high-profile, office park with all professional businesses. Very convenient with access to all major arteries.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Year Built: 1999
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Brick and stucco facade with covered sidewalk and front door parking.
Parking Type: Surface
Parking Description: Front door parking
Total Parking Spaces: 60
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: This building has five units as it sits. Each unit has a different floor plan/square footage. This building can be renovated to suit tenant, with 12,000 SF of less depending on tenant's needs.
Part of Planned Development?: Yes
Lot Frontage: 212
Lot Depth: 247
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: Business Park has defined easements in declarations.
Legal Description: Lt 18 Business Row at Shallowford PB 61 PG 283 PB 61 PG 286 Rev. 62-51 Rev 62-281 Rev 70-33

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,487 44,188 133,425
Median Age: 41.45 40.05 39.54
Households: 2,134 19,673 56,210
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORSĀ® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.