REDUCED! Single Tenant Fully Leased Office Investment

Office for Sale
Catylist Listing ID: 30539889
Property Subtypes: Office Building
Building Size (RSF): 57,121 SF
Gross Building Area: See Agent
Gross Land Area: 2.62 Acres
Sale Price: $4,295,000
Unit Price: $75.19 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.75%
Last Updated: 9/29/2020

Overview / Comments

Avison Young and Mitch Cox Realtor are pleased to present The Leitner Building, an approx. 57,121 SF, single-tenant office property. Located at 340 Martin Luther King, Jr. Boulevard in Bristol, TN, the Leitner Building is within a Designated Opportunity Zone for Sullivan County. Originally built in 1964, the Leitner building was renovated in 2018-2019. This property is 100% leased and the corporate home to the publicly traded Contura Energy, Inc. - a Tennessee-based coal supplier with operations spanning across four states.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 021A B 00400 000 2017
Airports: Tri Cities Regional Airport
Total Number of Buildings: 1
Year Built: 1964
Year Renovated: 2019
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,830 39,111 53,938
Median Age: 38.53 41.06 42.12
Households: 5,518 16,978 23,197


Photograph of Listing Agent

John Speropulos, CCIM, SIOR

Mitch Cox Realtor, Inc. NETAR CMLS Member
Photograph of Listing Agent

Marc Murphy, CCIM

Mitch Cox Realtor, Inc. NETAR CMLS Member
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