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- LoopNet Team
5617 Highway 153
Hixson, TN 37343
Investment Portfolio · Office Property For Sale
EXECUTIVE SUMMARY
Class A professional office suite offered for sale as NNN investments. The Summit Office suites are located in the middle of the highest retail area on the north side of Chattanooga with a traffic count of 48,779. Tenants enjoy signage on the building as well as monumental signage. Summit Suites is located close to the Target shopping center. Johnson Audiology leases Suite 203 which has 2,129 square feet and is set up as a medical office. The current lease is thru 2026, with 5-year options & step up rent in each option term.There are personal guarantees on this lease. The Hixson office was opened in December 2015 which is their fourth office to open. This property offers a 7.92% cap rate. Seller also owns suite 204, and would consider selling them as a package. Main commercial corridor in Hixson, close to Target Super Center Home Depot, Walgreens, Best Buy, restaurants, doctor offices, etc.
PROPERTY FACTS
| Property Type | Office | No. Stories | 2 |
| Building Class | B | Year Built | 2007 |
| Lot Size | 0.79 AC | Parking Ratio | 0.57/1,000 SF |
| Rentable Building Area | 14,000 SF | APN / Parcel ID | |
| Zoning | O-1 | ||
| Property Type | Office |
| Building Class | B |
| Lot Size | 0.79 AC |
| Rentable Building Area | 14,000 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 0.57/1,000 SF |
| APN / Parcel ID | |
| Zoning | O-1 |
AMENITIES
- Wheelchair Accessible
- Fiber Optic Internet
