Updated Apr 20, 2026
Clear Passage LLC Acquires Medical Office In Knoxville From Knorr Family Properties For $11M
10133 Sherrill Boulevard
$11,000,000
$200/SF
Building Size
55,000 SF
Asset Type
Medical Office
Closing
Apr 17, 2026
About this deal
AI
A 55,000-square-foot medical office building located at 10133 Sherrill Boulevard in Knoxville, TN has been sold for $11 million. The asset, built in 2004, sits on a 3-acre healthcare property. The price per square foot amounts to $200.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $11,000,000
- Buyer: Clear Passage LLC
- Seller: Knorr Family Properties
- Broker: Maddox Cos
- Date of Sale: 04/17/2026
- Square Footage: 55,000
- Price per Square Foot: $200
Maddox Cos represented both the buyer, Clear Passage LLC, and the seller, Knorr Family Properties, in this transaction of the medical office asset.
On the Map
$11,000,000
$200/SF
Medical Office
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Players
Knoxville Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93