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 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.
