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14919 Lebanon Rd

8,000 SF 100% Leased Office Building Old Hickory, TN 37138 £1,346,535 (£168/SF) 6% Net Initial Yield

Investment Highlights

  • Lots of parking
  • Easy Acess

Executive Summary

Fully lease all lease can be extended or some cancelled within 12 month if buyer desires. Fully renovated with great tennants

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £80,317 £10.04
Other Income £5,386 £0.67
Vacancy Loss - -
Effective Gross Income £85,703 £10.71
Taxes £3,802 £0.48
Operating Expenses £1,584 £0.20
Total Expenses £5,386 £0.67
Net Operating Income £80,317 £10.04

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £80,317
Annual Per SF £10.04
Other Income
Annual £5,386
Annual Per SF £0.67
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £85,703
Annual Per SF £10.71
Taxes
Annual £3,802
Annual Per SF £0.48
Operating Expenses
Annual £1,584
Annual Per SF £0.20
Total Expenses
Annual £5,386
Annual Per SF £0.67
Net Operating Income
Annual £80,317
Annual Per SF £10.04

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
8,000 SF
Building Class
B
Year Built
1999
Price
£1,346,535
Price Per SF
£168
Net Initial Yield
6%
NOI
£80,792
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
8,000 SF
Slab to Slab
15 ft
Building FAR
0.18
Lot Size
1.00 AC
Zoning
C3 - Commercial C-3
Parking
18 Spaces (2.25 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Signage
  • Wheelchair Accessible
  • Kitchen
  • Storage Space
  • Central Heating
  • High Ceilings
  • Partitioned Offices
  • Suspended Ceilings
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
095052 01608 001
Land Assessment
£33,149 (2024)
Improvements Assessment
£153,433 (2024)
Total Assessment
£186,582 (2024)
Annual Taxes
£3,802 (£0.48/sf)
Tax Year
2023
  • Listing ID: 32408666

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 14919 Lebanon Rd, Old Hickory, TN 37138

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