10384 Wallace Alley Office Building-VIDEO TOUR

Office for Sale
Catylist Listing ID: 30002254
Property Subtypes: Business Park, Governmental, High-Tech, Institutional, Mixed Use, Office Building, Research & Development
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.33 Acres
Sale Price: $900,000
Unit Price: $112.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 10/16/2018

Overview / Comments

Attention Investors! This modern office building in established Northeast Tennessee Business Park (NETBP) is currently leased to Trane and is now For Sale. An 8,000 sq ft free-standing facility situated on 1.33 acres, see attached for property plat, identified as Lot 2R4. Attractive CAP rate of 9.5. Adjoining 1 acre vacant lot also for sale, see separate listing. Competitively priced, owner motivated! Financials available for serious inquiries.

The Northeast Tennessee Business Park is a 150 acre park designated a FOREIGN TRADE ZONE and designed to accommodate professional office, technology, service businesses and light industrial users

Immediate access to Tri-Cities Regional Airport, Northeast State Community College, and I-81 with Kingsport, Johnson City and Bristol within easy commute. Multiple office and industrial facilities within this popular business park are available, view VIDEO TOUR link and attached brochure for overview of the 5 property portfolio.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,156 8,202 41,268
Median Age: 47.95 44.65 43.66
Households: 831 3,272 17,142


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