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149-151 Freeman St 12,540 sq ft 100% Let Office Property Tullahoma, TN 37388 £1,258,521 (£100.36/sq ft) 6.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime location situated just minutes from downtown Tullahoma.
- Opportunity to build out section of space in building.
- Corner lot promotes high visibility from Freeman and Silver St.
EXECUTIVE SUMMARY
Approximately 8,800 sq ft. of the building is currently leased to the State of TN Dept. of Children's Services. Rent increases to $8,667 per month beginning 7-1-24 through 6-30-29. Approximately 3,740 unfinished area is for rent for $2,500 per month. Taxes on building are $16,722 per year.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Subtype
Property Size
12,540 sq ft
Costar Property Class
C
Year Built
2000
Price
£1,258,521
Price per sq ft
£100.36
Yield
6.18%
NOI
£77,737
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
12,540 sq ft
Plot ratio
0.25
Total Plot Size
1.14 ac
Use Class
Comm
Parking
61 Spaces (4.86 Spaces per 1,000 sq ft Leased)
AMENITIES
- Kitchen
- Reception
- Natural Light
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
- 1st Floor
- 3,740 sq ft
- Office
- Partial Fit-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,740 sq ft | Office | Partial Fit-Out | 30 Days |
1st Floor
| Size |
| 3,740 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| 30 Days |
1 1
PROPERTY TAXES
| Parcel Number | 123H-A-025.00 | Improvements Assessment | £229,627 |
| Land Assessment | £14,126 | Total Assessment | £243,753 |
PROPERTY TAXES
Parcel Number
123H-A-025.00
Land Assessment
£14,126
Improvements Assessment
£229,627
Total Assessment
£243,753
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149-151 Freeman St
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