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21298351
21298352

290 James Asbury Dr NW, Cleveland, TN 37312

AA
TN TN 355752
Austin Real Estate L.L.C.
Listed by Austin Real Estate L.L.C.
$999,000
503 days on market
Updated 17 days ago

4-Building Commercial Investment | Seller Financing

Details
Property Type Multifamily, Office (+1)
Sub Type Traditional Office
Square Footage 5,216
Net Rentable (SqFt) 5,216
Units 6
NOI $49,800
Occupancy 100%
Tenancy Multi
Lease Type Net
Broker Co-Op Yes
Class B
Year Built 1999
Buildings 4
Acreage 0.730
Zoning Commercial
Parking Spaces 39 spaces
Parking Per SqFt 7.48
Investment Type Value Add

Value-Add Four Building Investment | Seller Financing

Marketing description

Four income-producing commercial buildings just off of I-75 on the busy Paul Huff Pkwy exit. All four buildings are in great shape, with new metal roofs and no deferred maintenance to note. Current, long-term tenants are paying rent well under market, making this a perfect value-add investment, a user looking to lease out the other three buildings, or a redevelopment opportunity in this quickly growing market. Showings available only after an accepted LOI - please do not disturb tenants. Interior photos available upon request.

Investment highlights

Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!

Listing Contacts

AA
TN TN 355752
Austin Real Estate L.L.C.
Listed by Austin Real Estate L.L.C.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,800.00
$4,150.00/mo

Valuation Metrics

0
DSCR
4.98%
Cap Rate
4.98%
ROI

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Additional Information

Name
Andrew Austin
License
TN 355752
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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