Catylist ID:
#30844539
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 |
Attachments & Media
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 |
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 |
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