This exceptional investment opportunity presents two high-performing office buildings totaling 9,684 square feet situated on a 2-acre lot in Chattanooga, Tennessee. Built in 2007, the property boasts a 6.68% cap rate and a net operating income (NOI) of $140,214, with an asking price of $2,100,000 ($216.85/sq ft). The complex comprises two two-story buildings, zoned O1, and features seven suites, ample parking (45 spaces), and two outdoor break areas. Its prime location near Volkswagen, Enterprise South, I-75, and Highway 153 provides unparalleled access to major transportation routes and key industry players. Current tenants include several Volkswagen suppliers, a home health services provider, an office automation company, and a staffing agency. A recently vacated, remodeled 2,400 square-foot suite (Suite H) presents an excellent owner-occupancy opportunity, featuring five offices, a conference room, reception area, large break room, two restrooms, and a substantial training space. This property offers a solid investment with strong potential for future growth and income. The property address is 6441 Bonny Oaks Dr, Chattanooga, TN 37416.
Highlights
Exceptional investment opportunity: Two 2-story office buildings totaling 9,684 sq ft on a 2-acre lot in Chattanooga, TN.
6.68% cap rate, $140,214 NOI, $2,100,000 asking price ($216.85/sq ft).
The property is located at 6441 Bonny Oaks Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two 2-story office buildings totaling 9,684 sq ft on a 2-acre lot in Chattanooga, TN.; 6.68% cap rate, $140,214 NOI, $2,100,000 asking price ($216.85/sq ft).; Seven suites, 45 parking spaces, two outdoor break areas, O1 zoning.
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Bonny Oaks Dr Chattanooga, TN 37416
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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6441 Bonny Oaks Dr
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