For Sale
$365,180

1515 Gunbarrel RdChattanooga, TN 37421

High-yield, net-leased office condo.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 1,476 square foot executive office condo in Chattanooga, Tennessee, presents a compelling investment opportunity. Located at 1515 Gunbarrel Rd, Suite 129, this single-story, brick building boasts 100% occupancy with a net operating income (NOI) of $31,040, yielding an 8.50% cap rate. Currently net-leased to ATI Physical Therapy, the lease is in place until July 31, 2024. The property is zoned R-4 and features a primary brick construction. The asking price is $365,180, and the sale is a cash transaction only. Tax Parcel # is 158E-C-004-C208. While this listing is for Suite 129, please note that it is part of a larger package also including Suites 111 and 125 at nearby addresses. All information is deemed reliable but not guaranteed; prospective buyers are strongly encouraged to conduct their own due diligence. Showings are strictly by appointment only. The provided square footage is approximate and has not been independently verified. No warranties are made regarding the environmental or physical condition of the property or the financial information.

Highlights

  • $365,180 asking price for a Class A, 1,476 square foot net-leased office condo.
  • 100% occupancy with a current lease to ATI Physical Therapy expiring July 31, 2024.
  • 8.50% cap rate and $31,040 annual net operating income (NOI).
  • Cash purchase only.
  • Brick construction.

Property Details for 1515 Gunbarrel Rd

Property type
Office properties
Square Feet
1,476 SF
Class
A
Buildings
1
Stories
1

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0183826
Longitude
-85.163537
1515 Gunbarrel Rd, Chattanooga, Tennessee

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1515 Gunbarrel Rd
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