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State Leased Office Buildings

govt office buildings

Sold for $17,100,000

Status: Sold
Living Area: 260,500 Square Ft.

State Leased Office Buildings


Overview The property included in this sale are all office facilities used and leased by the State of Tennessee. Lease Terms are 5-10 years. Locations include: Clinton, Cookeville, Morristown, Knoxville, Tullahoma, Nashville, Shelbyville, Athens, Columbia, Lenoir City and Kingston. Total gross income for all thirteen propersties $2,206,462 with annual expenses equaling $425,185, giving this project a NOI of $1,781,277.

Note: All builings are 100% occupied with leases in place.

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