Log In/Sign Up
Your email has been sent.
270-290 James Asbury Dr 5,020 SF 100% Leased Office Building Cleveland, TN 37312 $1,387,811 CAD ($276.46 CAD/SF)
Investment Highlights
- Income-producing asset: Four Class?B office buildings totaling 5,020?SF, fully leased with multi-tenant setup—ideal for value-add investors.
- Strategic location: Prime visibility off I-75 at Paul Huff Parkway—corner parcel with high traffic exposure and strong redevelopment potential.
- Modern upgrades: Built in 1999 and fully renovated in 2018, featuring new metal roofing and no deferred maintenance
- Investor friendly terms: 100% leased under market rates, anchor tenants open to rent increase; seller financing with no payments year?one.
Executive Summary
Four income-producing commercial buildings just off of I-75 on the busy Paul Huff Pkwy exit. All four buildings are in great shape, with new metal roofs and no deferred maintenance to note. Current, long-term tenants are paying rent well under market, making this a perfect value-add investment, a user looking to lease out the other three buildings, or a redevelopment opportunity in this quickly growing market. Showings available only after an accepted LOI - please do not disturb tenants. Interior photos available upon request.
Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!
Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$6,918
|
$1.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,918
|
$1.38
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $6,918 |
| Annual Per SF | $1.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $6,918 |
| Annual Per SF | $1.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,020 SF
Building Class
B
Year Built/Renovated
1999/2018
Price
$1,387,811 CAD
Price Per SF
$276.46 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,020 SF
Building FAR
0.16
Lot Size
0.72 AC
Zoning
C - Commercial
Parking
28 Spaces (5.5 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A Heavenly Touch Day Spa
- Services
- -
- -
- -
- -
- Capital Home Equity
- Finance and Insurance
- -
- -
- -
- -
- Onstage Dance Co
- Educational Services
- -
- -
- Triple Net
- -
- Salon Bella
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A Heavenly Touch Day Spa | Services | - | - | - | - | |
| Capital Home Equity | Finance and Insurance | - | - | - | - | |
| Onstage Dance Co | Educational Services | - | - | Triple Net | - | |
| Salon Bella | Services | - | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 033L-C-021.02 | Improvements Assessment | $394,644 CAD (2025) |
| Land Assessment | $229,218 CAD (2025) | Total Assessment | $623,862 CAD (2025) |
Property Taxes
Parcel Number
033L-C-021.02
Land Assessment
$229,218 CAD (2025)
Improvements Assessment
$394,644 CAD (2025)
Total Assessment
$623,862 CAD (2025)
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
270-290 James Asbury Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.