Highlights
- • Excellent mix of national & quality local tenants
- • Occupancy 96% - WALT - 3.5 years
- • 42% revenue high-credit government tenants
- • Stable income plus excellent value-add
- • One of the strongest office markets in the country
- • Why Chattanooga? See the external links below
Description
Opportunity to acquire an attractive stable 7.5% cap rate office portfolio in the hot Chattanooga, Tennessee market with huge upside. Chattanooga is one of the best office markets in the country with over 96% occupancy. The portfolio has average rents of $14.72/SF and rents in the market average $20/SF with 3% vacancy and growing demand. A recipe for both safety and upside.
The portfolio consists of three buildings within a block from each other well located convenient to the Chattanooga Metropolitan Airport. Offers will be considered individually, however offers as a portfolio for all three buildings are preferred.
