Prime Investment Opportunity in West Knoxville

Office for Sale
Sale Pending
Catylist Listing ID: 30844539
Property Subtypes: Executive Suites, Office Building
Status: Pending
Building Size (RSF): 31,987 SF
Gross Building Area: See Agent
Gross Land Area: 2.08 Acres
Sale Price: $6,250,000
Unit Price: $195.39 PSF
Property Use Type: Investment
Building Name: MIG
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 6.97%
Last Updated: 9/29/2023

Overview / Comments

Avison Young Knoxville is proud to present 8320 Walker Springs Lane as a prime investment property in the heart of west Knoxville, Tennessee. Mortgage Investors Group currently occupies the meticulously maintained 31,987 SF property and will remain in place through May 2027.

The building was designed and constructed for Mortgage Investors Group, the largest mortgage company in the region. The property includes three floors, beautifully maintained parking, and interstate visibility.

- National tenant with aggressive Full Service lease rate
- Single tenant building occupied by MIG since construction
- Major capital improvements all completed in the last 2 years

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 120HB027
Property Visibility: Excellent
Highway Access: I-40 within 1 minute
Airports: McGhee Tyson Airport
Site Description: Situated prominently on 2.08 acres, this building is visible from Interstate 40 and highly accessible to all of Knoxville. Newly resurfaced parking and beautiful landscaping make this a very attractive property.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1999
Year Renovated: 2023
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick building with sleek glass.
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking lot resurfaced in 2023.
Total Parking Spaces: 164
Passenger Elevators: 1
Zoning Description: O

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,986 69,393 148,866
Median Age: 36.78 37.22 37.47
Households: 6,456 31,040 63,618


Photograph of Listing Agent

Justin Cazana

Avison Young ETNRCRE Member
Photograph of Listing Agent

Sarah Hesketh

Avison Young ETNRCRE Member
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