SOLDOffice
Institutional Property Advisor Acquires Office Property In Chattanooga, TN For $7.4M
320 East Main Street
$7,400,000
$414/SF
Building Size
17,837 SF
Asset Type
Office
Closing
Dec 12, 2022
AI
An office property located at 320 E Main St Ste. 200 in Chattanooga, TN, has been sold for a total price of $7,400,000. The property spans a total area of 17,837 square feet, resulting in a price per square foot of $415.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,400,000
- Address: 320 E Main St Ste. 200, Chattanooga, TN
- Market: Chattanooga, TN
- Brokers: Joe Massa, Anthony Lunceford & Michael Grenaway - Institutional Property Advisor
- Square Footage: 17,837
- Price per Square Foot: $415
The sale was facilitated by Joe Massa, Anthony Lunceford, and Michael Grenaway from Institutional Property Advisor.
Players
Chattanooga Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93