111 E 8th St
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111 E 8th St
4,326 SF Office Building Chattanooga, TN 37402 $1,500,000 ($347/SF) 6.28% Cap Rate
Executive Summary
SVN Second Story is pleased to exclusively offer the sale of a fully leased single tenant office building located at 111 E 8th St in Chattanooga, TN. The property has 9 years remaining on the lease in place with AAT Carriers, a subsidiary of Covenant Logistics Group (NYSE: CVLG) with a strong credit tenant in the heart of downtown.
This premium investment opportunity features a 6,000 square foot office building with a high credit tenant making it an ideal investment for a future redevelopment in a high demand downtown community in the growing Southeast. The area boasts a thriving business community along with local and national retailers. With easy access to major highways and public transportation, the location provides high visibility and convenience for daily commutes.
This premium investment opportunity features a 6,000 square foot office building with a high credit tenant making it an ideal investment for a future redevelopment in a high demand downtown community in the growing Southeast. The area boasts a thriving business community along with local and national retailers. With easy access to major highways and public transportation, the location provides high visibility and convenience for daily commutes.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,326 SF
Building Class
C
Year Built
1920
Price
$1,500,000
Price Per SF
$347
Cap Rate
6.28%
NOI
$94,200
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,163 SF
Building FAR
1.97
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C3
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Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 145D-L-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $192,520 |
PROPERTY TAXES
Parcel Number
145D-L-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$192,520
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111 E 8th St
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