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Central Office Park 5811 Lee Hwy 19,000 SF 100% Leased Office Building Chattanooga, TN 37421 $3,250,000 ($171.05/SF) 7.85% Cap Rate
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
19,000 SF
Building Class
B
Year Built
1961
Price
$3,250,000
Price Per SF
$171.05
Cap Rate
7.85%
NOI
$255,253
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,000 SF
Building FAR
0.36
Lot Size
1.21 AC
Zoning
C-2 - Commercial
Parking
60 Spaces (3.16 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ink House LLC
- Retailer
- -
- $18.00
- Modified Gross
- Oct 2027
- Miracle Ear
- Retailer
- -
- -
- Modified Gross
- Jun 2028
- Olympic Enterprises
- Services
- -
- $15.50
- Modified Gross
- Nov 2027
- Personnel Staffing
- Professional, Scientific, and Technical Services
- -
- $9.00
- Modified Gross
- May 2016
- Professional Drug Screening
- Health Care and Social Assistance
- -
- -
- -
- -
- Richard Genter Enterprises LLC
- Services
- -
- $15.00
- Modified Gross
- Aug 2025
- US Appliance
- Retailer
- -
- $18.00
- Modified Gross
- Oct 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ink House LLC | Retailer | - | $18.00 | Modified Gross | Oct 2027 | |
| Miracle Ear | Retailer | - | - | Modified Gross | Jun 2028 | |
| Olympic Enterprises | Services | - | $15.50 | Modified Gross | Nov 2027 | |
| Personnel Staffing | Professional, Scientific, and Technical Services | - | $9.00 | Modified Gross | May 2016 | |
| Professional Drug Screening | Health Care and Social Assistance | - | - | - | - | |
| Richard Genter Enterprises LLC | Services | - | $15.00 | Modified Gross | Aug 2025 | |
| US Appliance | Retailer | - | $18.00 | Modified Gross | Oct 2027 |
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Property Taxes
| Parcel Number | 158A-C-019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $752,160 |
Property Taxes
Parcel Number
158A-C-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$752,160
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Photos
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Central Office Park | 5811 Lee Hwy
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