Listed by Northmarq - Nashville
Unpriced
Market City Center
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 138,350
Units 125
Year Built 2017
Buildings 1
Stories 10
Acreage 0.570
Class A+ Core Mixed-Use Highrise | LEED Certified Below Replacement Cost | 125 Units
Marketing description
Market City Center presents a rare opportunity to acquire a modern, LEED certified, institutional-quality multifamily asset in the heart of Downtown Chattanooga at a substantial discount to replacement cost. Built in 2017, the 125-unit mixed-use community features high-end finishes, competitive amenities, 40,273 of commercial space, and a premier walkable location along Market Street, surrounded by the city’s leading employers, restaurants, retail, and entertainment destinations. The property competes directly with newer Class A developments while offering investors meaningful upside through organic rent growth and operational improvements.
To access the virtual deal room, please click the link below.
http://www.marketcitychattdealroom.com/
Investment highlights
- Organic Rent Growth Headroom Bolstered By Class A Luxury Competitors
- Operational Efficiencies Upside
- Premier Downtown Location With Walkable Lifestyle & Strong Demand Drivers
- Opportunity To Acquire At An Attractive Basis
- Value Creation Through Second-Floor Commercial Activation
- Leasing Upside & Tenant Retention By Staffing On-Site Offices
Listing Contacts
Listed by Northmarq - Nashville
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
