Excellent office space at a great price in developer Ken Defoor's Shallowford Commons. Shallowford Commons is considered one of the top professional office parks in the area due to its location, quality construction, amenities, quality tenants and owners. There is an active owners association. This particular property consists of tow suites which can be purchased together or separately after completing appropriate deed work. Suite 105 is currently leased to Care Focus, Inc. This lease has been in place for approximatley 5 years and the tenant intends to renew on an annual basis. The lease is a triple(NNN)lease with a base rental rate of $14.19/SF and $3.44/SF in additional Common Area Maintenance(CAM)fees. The NNN income is $25,683/year or $2,140.25/month. The 10.75% Cap Rate was calculated based only on this suite which is currently under a verbal lease. This suite has approximately 1,820SF and contains 5 private offices, a waiting room, receptionist office, conference room, and a kitchenette. Suite 106 is currently occupied by an Ameriprise Financial office. Ameriprise Financial is willing to relocate for the buyer who wishes to occupy the suite or will consider staying and sign a lease with the buyer. This suite has approximately 2,690SF and contains the following:reception office, 6 large offices all with windows, a conference room, 2 cubicle offices, file storage room, supply closet, kitchen and two handicap restrooms. Both suites have ample parking and accessible rear entry. Tenant Improvement Allowance - Negotiable. THE AREA IS A MIX OF COMMERCIAL, INDUSTRIAL AND RETAIL USE. HAMILTON PLACE MALL IS THE LARGEST MALL IN TN AND IS ABOUT 2 MILES AWAY. THE AIRPORT, VOLKSWAGEN AND AMAZON ARE LESS THAN 5 MILES AWAY/
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Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.