Fresenius Medical Care | 305 River Dr
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Fresenius Medical Care 305 River Dr
5,688 SF Office Building La Follette, TN 37766 £938,940 (£165/SF) 7.86% Net Initial Yield
Investment Highlights
- Professional building located minutes from Interstate 75 and right off Highway 25W in the heart of Lafollette, TN.
- Multi-use building available for owner occupancy or new tenant.
- 3 HVAC systems- One in the patient/work area, one in the lobby, and one in the storage area. Sprinkler system throughout the building.
- Layout offers many options. Would be perfect for a dentist office, classrooms, a doctor office, a funeral home, a chiropractic office, and much more.
- Excellent condition with plenty of office space, a large front lobby, and a large patient/working area. High-voltage wiring and circuit breakers.
- The roof was inspected in 2022.
Executive Summary
Location, Location, Location!
It was previously used as a dialysis clinic but the
layout offers many options. It would be perfect for a dentist's office, classrooms, a doctor's office, a funeral home, a chiropractic office, and more.
It was previously used as a dialysis clinic but the
layout offers many options. It would be perfect for a dentist's office, classrooms, a doctor's office, a funeral home, a chiropractic office, and more.
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,688 SF
Building Class
C
Year Built
2007
Price
£938,940
Price Per SF
£165
Net Initial Yield
7.86%
NOI
£73,801
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,688 SF
Building FAR
0.21
Lot Size
0.61 AC
Zoning
Commercial
Parking
27 Spaces (4.75 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 085N-B-004.00 | Total Assessment | £179,776 (2023) |
| Land Assessment | £20,093 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £159,682 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
085N-B-004.00
Land Assessment
£20,093 (2023)
Improvements Assessment
£159,682 (2023)
Total Assessment
£179,776 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024
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Fresenius Medical Care | 305 River Dr
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