250 State St
Dickson, TN 37055
Auction:11/6 - 11/8: State Street Gov't Offic · Office Property For Sale

Property tours are available by appointment ONLY. Please contact Ben Bonner to schedule at bbonner@magnoliainv.com or 615-613-3894. Investment Highlights: Two office buildings totaling ñ19,612 SF on a ñ6.58 AC parcel 70% occupied with long term leases in-place with the State of Tennessee Additional value-add through lease-up of the available ñ30% of GLA Ideal for owner occupant or for investors seeking value-add through full lease-up at market rates Perfect for office or professional use with ample parking Well located in the heart of the Central Business District within an amenity rich area Located near the intersection of Hwy 46 (Mathis Drive w/ ñ17,131 VPD) and Hwy 70 (Henslee Drive w/ñ13,890 VPD) Investment Overview: The State Street Gov't Offices consists of two office buildings, totaling ñ19,612 SF, located at 222 & 250 State Street in Dickson, TN (Nashville MSA). The Property is currently 70% leased to the State of Tennessee and offers a value-add opportunity for either end-users or for investors seeking significant value-add through lease-up at market rates. The Property sits on a ñ6.58 acre parcel and offers 113 parking spaces shared by both buildings for a The Property is currently 70% leased to the State of Tennessee and offers a value-add opportunity for either end-users or for investors seeking significant value-add through lease-up at market rates. The Property sits on a ñ6.58 acre parcel and offers 113 parking spaces shared by both buildings for a combined 5.76/1000 parking ratio. The Property is comprised of two parcels; The main parcel is ñ4.54 AC and includes both buildings and the parking lot while the balance of the ñ6.58 AC is a vacant/ wooded parcel that backs up to the nearby apartment buildings. The Property contains two, single story, office buildings totaling ñ19,612 SF. The Property is currently 70% leased to the State of Tennessee and 222 State Street is 50% leased to the State's Department of Corrections for use as a field office and 250 State Street is 100% leased to the State's Department of Human Services which serves all of Dickson County as the main office for the Supplemental Nutrition Assistance Program (SNAP). The Property is ready for immediate lease-up and ideal for professional use tenants and offers flexibility for the new owner to maximize value through lease-up of the available ñ5,980 SF. The cit