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149-151 Freeman St 12,540 SF 100% Leased Office Building Tullahoma, TN 37388 $2,372,924 CAD ($189.23 CAD/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime location situated just minutes from downtown Tullahoma.
- Opportunity to build out section of space in building.
- Corner lot promotes high visibility from Freeman and Silver St.
EXECUTIVE SUMMARY
Approximately 8,800 sq ft. of the building is currently leased to the State of TN Dept. of Children's Services. Rent increases to $8,667 per month beginning 7-1-24 through 6-30-29. Approximately 3,740 unfinished area is for rent for $2,500 per month. Taxes on building are $16,722 per year.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
12,540 SF
Building Class
C
Year Built
2000
Price
$2,372,924 CAD
Price Per SF
$189.23 CAD
Cap Rate
6.18%
NOI
$146,572 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,540 SF
Building FAR
0.25
Lot Size
1.14 AC
Zoning
Comm
Parking
61 Spaces (4.86 Spaces per 1,000 SF Leased)
AMENITIES
- Kitchen
- Reception
- Natural Light
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,740 SF | Office | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 3,740 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 3,740 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
1 1
PROPERTY TAXES
| Parcel Number | 123H-A-025.00 | Improvements Assessment | $435,564 CAD |
| Land Assessment | $26,794 CAD | Total Assessment | $462,358 CAD |
PROPERTY TAXES
Parcel Number
123H-A-025.00
Land Assessment
$26,794 CAD
Improvements Assessment
$435,564 CAD
Total Assessment
$462,358 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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149-151 Freeman St
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