Listed by Tower Property Group, LLC
$2,750,000
The Market at Whiteoak
Details
Property Type Office, Retail
Sub Type Shopping Center, Traditional Office
Square Footage 19,500
Units 11
Occupancy 80%
Tenancy Multi
Lease Type Modified
Price per SqFt $141
Year Built 1985
Buildings 1
Stories 1
Acreage 4.900
Zoning C2
Tenant Credit No Credit Rating
Ground Lease No
Retail | 19,500 SF
Marketing description
11 Units ranging in sizes from 600 SF up to 4,778 SF
5 Vacant units | STE 102, 106, 118, 126 & 132
The current income will not support a traditional investors preferred return.
The real value for this opportunity is understanding the buyer is purchasing 4.9 +/- acres at a hard corner with growth headed its way. New owner would have income from the current building and could choose to increase rents over time or is sitting on a large redevelopment opportunity.
7.5 Miles to Ooltewah, TN | 10 Miles to Cleveland, TN | Easy Access to Hwy 58
Financials will be available once the seller and buyer agree to terms via letter of intent.
Please contact listing agent (Jon Hughes) for all showing and questions regarding the property.
Listing Contacts
Listed by Tower Property Group, LLC
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