5674 Cleaves Dr 4,480 SF 86% Leased Office Building Arlington, TN 38002 $779,000 ($173.88/SF) 7.70% Cap Rate
EXECUTIVE SUMMARY
Ideal opportunity for owner/user or investor to step in and enjoy the benefits of this unique property. Property is located in Arlington, TN, just minutes from the Hwy 79 and 385 intersection. Property is located behind the Shoppes of Arlington center and offers a peaceful office environment with great access to the interstate.
Suites are all approximately 615 square feet in size with all suites being separately metered for electric and HVAC. There is common water for the entire property.
Leases are currently all full-service leases, well below market rates so property offers a tremendous upside.
One suite is currently available, possibly for the new owner.
See brochure for additional information.
Suites are all approximately 615 square feet in size with all suites being separately metered for electric and HVAC. There is common water for the entire property.
Leases are currently all full-service leases, well below market rates so property offers a tremendous upside.
One suite is currently available, possibly for the new owner.
See brochure for additional information.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,480 SF
Building Class
B
Year Built
2003
Price
$779,000
Price Per SF
$173.88
Cap Rate
7.70%
NOI
$60,000
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,480 SF
Building FAR
0.19
Lot Size
0.53 AC
Zoning
CL
1 of 1
PROPERTY TAXES
| Parcel Number | A0-141C-E0-0006 | Improvements Assessment | $206,560 |
| Land Assessment | $19,840 | Total Assessment | $226,400 |
