Office Warehouse

Friars Branch Crossing

2204 Encompass Dr, Chattanooga, TN 37421

Listing Price: $8,150,000

Cap Rate
9.03%
Gross SF
99,878
Price/Gross SF
$81.60
Lot Size
8.80 acres
Year Built
1987
Rentable SF
99,878

Investment Overview

Marcus & Millichap is please to exclusively offer Friar's Branch Crossing. The property is currrently 88% occupied with a diverse mix of national and local tenants. Friars branch is anchored by Avenger Logistics, ERMC Facility Services (a division of Secur America) and Astec Industries. Collectively these three tenants comprise 55% of the GLA and yield 63% of the property's base income.

Investment Highlights

  • 99,878 SF Office | Warehouse | Flex Commercial Center with 88% Occupancy
  • Just North of I-75 near Chattanooga Airport on TN 153 with 71,900 AADT
  • Strong Private and Public Company Anchors represent 55% GLA and 63% of Rents

Exclusively Listed By

  • Tim Giambrone

    Senior Vice President Investments

    Email Tim

    License(s): GA: 265556

    Atlanta

Office Warehouse

Friars Branch Crossing

Listing Price: $8,150,000

Cap Rate
9.03%
Gross SF
99,878
Price/Gross SF
$81.60
Lot Size
8.80 acres
Year Built
1987
Rentable SF
99,878

Investment Highlights

  • 99,878 SF Office | Warehouse | Flex Commercial Center with 88% Occupancy
  • Just North of I-75 near Chattanooga Airport on TN 153 with 71,900 AADT
  • Strong Private and Public Company Anchors represent 55% GLA and 63% of Rents

Investment Overview

Marcus & Millichap is please to exclusively offer Friar's Branch Crossing. The property is currrently 88% occupied with a diverse mix of national and local tenants. Friars branch is anchored by Avenger Logistics, ERMC Facility Services (a division of Secur America) and Astec Industries. Collectively these three tenants comprise 55% of the GLA and yield 63% of the property's base income.

Exclusively Listed By

  • Tim Giambrone

    Senior Vice President Investments

    Email Tim

    License(s): GA: 265556

    Atlanta

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