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Medical Office For Sale | NNN Leases 862 Callen Ln NW 9,700 SF 57% Leased Office Building Cleveland, TN 37312 $5,991,494 CAD ($617.68 CAD/SF) 6.95% Cap Rate
Investment Highlights
- New construction med-tail asset with long-term NNN leases and annual rent increases
- Strategically located .20 miles from I-75 Interchange just off Paul Huff Parkway, the primary commercial thoroughfare serving Cleveland
- Fixed annual rent increases provides hedge against inflation
- Rent is secured by three experienced and successful medical groups that have made large investments and long-term leases
- Tenants reimburse for Taxes, CAM, Insurance and Management fees
- Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this fully occupied medical office building with long-term NNN leases. The property is strategically located just off Paul Huff Parkway, Cleveland's primary commercial thoroughfare with close proximity to I-75, Publix and The Home Depot.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,700 SF
Building Class
B
Year Built
2023
Price
$5,991,494 CAD
Price Per SF
$617.68 CAD
Cap Rate
6.95%
NOI
$416,434 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,700 SF
Building FAR
0.14
Lot Size
1.56 AC
Zoning
PUD - planned unit development
Parking
59 Spaces (6.08 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
7 exam rooms, a procedure room, and an imaging room.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 110 | 4,170 SF | Office | Spec Suite | Now |
1st Fl-Ste 110
| Size |
| 4,170 SF |
| Space Use |
| Office |
| Build-Out |
| Spec Suite |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 110
| Size | 4,170 SF |
| Space Use | Office |
| Build-Out | Spec Suite |
| Available | Now |
7 exam rooms, a procedure room, and an imaging room.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034I-F-015.00 | Improvements Assessment | $733,927 CAD |
| Land Assessment | $441,150 CAD | Total Assessment | $1,175,077 CAD |
Property Taxes
Parcel Number
034I-F-015.00
Land Assessment
$441,150 CAD
Improvements Assessment
$733,927 CAD
Total Assessment
$1,175,077 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Atlantic Capital Partners
Medical Office For Sale | NNN Leases | 862 Callen Ln NW
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