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214 W College St
Murfreesboro, TN 37130
Office Property For Sale
Investment Highlights
- Operating on an absolute NNN lease with ±12 years of lease term remaining and 1.9% annual rent escalations
- College town location adjacent to MTSU with 20,000+ students
- 100% occupied by Pinnacle operations, bankers & accounting
- Pinnacle Financial Partners is the largest bank in TN & largest bank holding company in GA with an investment grade rating (Moody’s: Baa2)
- Below market rent of $23.06 PSF (compared to $28.36 PSF)
- In the heart of downtown Murfreesboro, Tennessee’s fastest-growing major city, with accessibility to 83,000 VPD
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
39,494 SF
Building Class
C
Year Built
2000
NOI
$1,109,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,874 SF
Building FAR
0.92
Lot Size
0.99 AC
Zoning
CBD
Parking
63 Spaces (1.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 091K-H-009.00-000 | Improvements Assessment | $2,776,440 |
| Land Assessment | $190,520 | Total Assessment | $2,966,960 |
Property Taxes
Parcel Number
091K-H-009.00-000
Land Assessment
$190,520
Improvements Assessment
$2,776,440
Total Assessment
$2,966,960
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