NorthPark Centre - Building Two
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Property Type:
|
Office
for Sale
Business Park, Medical
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| Building Size (RSF): |
4,333 SF
|
| Sale Price: |
$823,270 |
| Unit Price: |
$190.00 Per SF |
| Ceiling: |
10 ft. / 9 ft. Clear |
| Property Status: |
Under Construction |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
9/7/2010 |
NorthPark Centre is a five (5) building 30,271 square foot office condominium development situated on approximately 3 1/2 acres on NorthPoint Boulevard just north of Hamill Road in Chattanooga, Tennessee.
The City of Chattanooga will be extending NorthPoint Blvd from its current intersection with Hixson Pike through NorthPark Center and connecting with Hamill Road.
The property was rezoned R-4 to facilitate the development of medical and professional offices. The various sized buildings will be designed in the Craftsman-style and site planned in a park-like setting with heavy landscaping. Parking will be available at the ratio of 5 spaces per 1,000 square feet of office space.
Purchasers will have the opportunity to buy a pad-ready site; or a completed building shell ready for their improvements; or a completed building. There will be leasing opportunities as well.
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| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Submarket Type: |
Suburban |
| Tax ID Number/APN: |
110J-A-003 |
| Property Use Type: |
Business, Investment, Net Leased Investment (NNN) |
| Zoning: |
R-4 |
| Market Type: |
Medium |
| Property Located Between: |
North Park Hospital |
| Side of Street: |
East |
| Road Type: |
Paved |
| Property Visibility: |
Excellent |
| Highway(s) Access: |
NorthPark Centre is located off Hamill Road, two blocks East of Highway 153. NorthPoint Boulevard will be extended from Hamill Road through NorthPark Centre to Hixson Pike. |
| Site Description: |
NorthPark Centre consists of five buildings on approximately 3 1/2 acres. The site is level and will be heavily landscaped. Parking ratio is 5 spaces per 1,000 square feet. |
| Area Description: |
NorthPark Centre is located in the fast growing Hixson submarket, one block away from Memorial North Park Hospital. The City of Chattanooga will convert Godsey Drive into a three lane extension of NorthPoint Boulevard through NorthPark Centre. Plans include a traffic signal at Hamill Road and NorthPoint Boulevard. |
| Total Number of Buildings: |
5 |
| Number of Stories: |
1 |
| Year Built: |
2008 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick, Stone, Wood Frame, Wood Shingle, Wood Siding |
| Exterior Description: |
Craftsman-style; New Construction; First Class Materials |
| Parking Ratio: |
5 |
| Parking Type: |
Surface |
| Parking Description: |
Parking is distributed to maximize the convenience of building owners, employees and visitors. Handicap parking spaces are designed adjacent to building entrances. |
| Total Parking Spaces: |
152 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable, Dialup |
| Interior Description: |
Buildings will be developed to shell condition allowing purchaser's custom design of the interior layout and finish. Seller can provide an allowance for tenant improvements. |
| Topography: |
Level |
| Easements: |
Ingress/Egress, Utilities |
| Land Ownership |
Owned |
2000 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,641 |
30,640 |
71,840 |
| Median Age: |
35 |
40 |
38 |
| Households: |
1,691 |
12,935 |
30,073 |
| Avg. Household Income: |
$42,889 |
$57,310 |
$55,825 |
| More Demographic Statistics |
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| Note: The information presented herein is provided as is, without warranty of any kind. Neither Commercial IQ nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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