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Department of Safety & Homeland Security 204 Maddox Simpson Pky

9,955 SF Office Building Lebanon, TN 37090 $3,100,000 ($311/SF) 6.50% Cap Rate

Office Space Tennessee Lebanon 204 Maddox Simpson Pky, Lebanon, TN 37090

Investment Highlights

  • Ten-year lease beginning December 2024 for State of Tennessee, AAA+ S&P Global Credit Rating
  • $1.125 million renovation just completed
  • In-place professional management available
  • Tenant pays all utilities and janitorial
  • New roof, windows, HVAC, plumbing, electrical ETC
  • TN License #: 000083872-0

Executive Summary

Opportunity to acquire a single tenant facility designed for the Tennessee Department of Safety and Homeland Security. A $1.2 million dollar renovation has just been completed and a new ten-year lease has been executed. The property is well-located in Lebanon, TN a Nashville MSA submarket only a 30-minute drive to the center of downtown Nashville.

Attachments

Offering Memorandum

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
9,955 SF
Building Class
B
Year Built/Renovated
2012/2024
Price
$3,100,000
Price Per SF
$311
Cap Rate
6.50%
NOI
$201,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,955 SF
Building FAR
0.13
Lot Size
1.81 AC
Zoning
CG - General Commercial
Parking
128 Spaces (12.86 Spaces per 1,000 SF Leased)

Links

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PROPERTY TAXES

Parcel Number 081-086.16 Improvements Assessment $368,040
Land Assessment $155,600 Total Assessment $523,640

PROPERTY TAXES

Parcel Number
081-086.16
Land Assessment
$155,600
Improvements Assessment
$368,040
Total Assessment
$523,640
(404) 876-1640 x101

Contacts

  • Listing ID: 33636673

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 204 Maddox Simpson Pky, Lebanon, TN 37090

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Department of Safety & Homeland Security | 204 Maddox Simpson Pky
(404) 876-1640 x 101

Department of Safety & Homeland Security | 204 Maddox Simpson Pky

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Michael Bull

(404) 876-1640

x101

(404) 876-1640 x101

Isabel Eiler

(404) 876-1640

x168

(404) 876-1640 x168

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