*INVESTMENT* 444 Clinchfield Street, Suite 103

Office for Sale
Catylist Listing ID: 30728083
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 7,650 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: The Press Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.96%
Last Updated: 7/26/2021

Overview / Comments

Please contact the agent for more information about this listing.

Financials

Finance Data Year 2021
Gross Operating Income $163,863 (Annual)
Net Operating Income $111,498 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Ballad Health
Is Renting? Yes
Suite Number 103
SF of Space Occupied 7,650 SF
Lease Expiration 6/2026
Escalations 2.00%

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 046H K 002.10C103
Is Condo?: Yes
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,882 37,879 65,236
Median Age: 37.82 43.38 43.7
Households: 3,906 16,946 28,639

Contact

Photograph of Listing Agent

Kaleb Schuettler

Realty Trust Group, LLC NETAR CMLS Member
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