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Market City Center 728 Market St 125 Unit Apartment Building For Sale Chattanooga, TN 37402

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Investment Highlights

Organic Rent Growth Headroom Bolstered By Class A Luxury Competitors
Premier Downtown Location With Walkable Lifestyle & Strong Demand Drivers
Value Creation Through Second-Floor Commercial Activation

Operational Efficiencies Upside
Opportunity To Acquire At An Attractive Basis
Leasing Upside & Tenant Retention By Staffing On-Site Offices

Executive Summary

Market City Center presents a rare opportunity to acquire a modern, LEED certi?ed, institutional-quality multifamily asset in the heart of Downtown Chattanooga at a substantial discount to replacement cost. Built in 2017, the 125-unit mixed-use community features high-end ?nishes, competitive amenities, 40,273 of commercial space, and a premier walkable location along Market Street, surrounded by the city’s leading employers, restaurants, retail, and entertainment destinations. The property competes directly with newer Class A developments while offering investors meaningful upside through organic rent growth and operational improvements.

Offering Memorandum

Property Facts

Sale Type	Investment	Building Size	138,350 SF
No. Units	125	Average Occupancy	87%
Property Type	Multifamily	No. Stories	10
Property Subtype	Apartment	Year Built	2017
Apartment Style	Mid-Rise	Parking Ratio	1.88/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.57 AC
Zoning	c3 - Commercial

Sale Type	Investment
No. Units	125
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.57 AC
Building Size	138,350 SF
Average Occupancy	87%
No. Stories	10
Year Built	2017
Parking Ratio	1.88/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	c3 - Commercial

Unit Amenities

Air Conditioning
Balcony
Dishwasher
Microwave

Washer/Dryer
Heating
Kitchen
Granite Countertops

Refrigerator
Oven
Stainless Steel Appliances

Range
Tub/Shower
Freezer

Site Amenities

Controlled Access
Clubhouse

Fitness Center

Pet Play Area

Roof Terrace

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	100	-	683 - 797
2+1	5	-	903
2+2	20	-	1,109 - 1,134

Links

Virtual Data Room

1 1

Moderately walkable

60/100

Exceptionally drivable

100/100

Good public transit

70/100

Moderately bikeable

60/100

Source: Local Logic^®

Silver

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)