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110 Med Tech Pky 33,521 SF Health Care Building Offered at $13,560,129 CAD at a 8% Cap Rate in Johnson City, TN 37604



Executive Summary
Johnson City Eye Clinic and Surgery Center Established in 1942, Has Outgrown Their Current Location at Med Tech Parkway and is Now Developing a New Larger Medical Office Building on 18 Acres at the End of Hopewell Dr in Med Tech Park. This Property is Now Available for Sale or Lease. Please Contact Listing Agent for Details. The Property Contains 33,521 Sq Ft State-of-the-art Medical Facility on 3.7 Acres, One of the Regionally Recognized High-quality Medical and Professional Office Buildings Located at Med Tech Park in Johnson City, Tennessee. The Main Floor of the Building Consists of 30,602 Sq Ft Divided Into Two Medical Suites, 6,600 Sq Ft Surgery Center and 23,020 Sq Ft Clinic Area. The Clinic Area Has With 40+ Exam Rooms, 10 Doctor Offices, 2 Operating Rooms, Large Reception and Waiting Room and Includes Porte Cochere Covered Entrance. The Surgery Center Has 4 Pre and Post Op Bays, 2 Operating Rooms, and Its Own Separate Lobby. The Building Also Has 2,919 Sq Ft Climate Controlled Basement Area for File Storage. Large Paved Parking Lot With 169 Spaces Surround Building. See Attached Room Count and Floor Plans for Details. Convenient Location at Med Tech Park in the Heart of Johnson City's Retail and Medical District Along State of Franklin Road and Within One Half Mile of I-26. Also Located at Med Tech Park is Franklin Woods Hospital, Bank of Tennessee, Ballad Health Corporate Offices, First Choice Pediatrics, Fresenius Kidney Care, and State of Franklin Healthcare Associates.
Property Facts
| Price | $13,560,129 CAD | Lot Size | 3.70 AC |
| Price Per Bed | $13,560,129 CAD | Building Size | 33,521 SF |
| Sale Type | Investment or Owner User | No. Beds | 1 |
| Cap Rate | 8% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 2003 |
| Property Type | Health Care | Parking Ratio | 5.04/1,000 SF |
| Building Class | B | ||
| Zoning | B-4 - Business | ||
| Price | $13,560,129 CAD |
| Price Per Bed | $13,560,129 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8% |
| Sale Condition | Sale Leaseback |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 3.70 AC |
| Building Size | 33,521 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2003 |
| Parking Ratio | 5.04/1,000 SF |
| Zoning | B-4 - Business |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 045C-A-024.00 | Improvements Assessment | $3,061,904 CAD |
| Land Assessment | $771,256 CAD | Total Assessment | $3,833,161 CAD |
Property Taxes
Parcel Number
045C-A-024.00
Land Assessment
$771,256 CAD
Improvements Assessment
$3,061,904 CAD
Total Assessment
$3,833,161 CAD
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110 Med Tech Pky
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