Office•Office Building•For Sale

Base Pointe Business Park

3221 - 3225 North Star Circle, Louisville, Tennessee 37777

Sale Price $15,319,167
Sale Type Net Lease Investment
Zoning Planned Commercial/Light Manufacturing Unit Development E-2 (Alcoa)
Bldg Type Single Tenant
Class B
Status Existing
Year Built 2012
Stories 1
Vacancy 100%
Annual Taxes $158,140.37
Gross Bldg 92,500 SqFt
RBA 92,500 SqFt
Land Area 17.3 Acres
Avail Parking 7/1000SqFt
Ceiling Height 16.0 Ft
Avison Young is pleased to offer to qualified investors the opportunity to purchase two buildings leased to TeamHealth which is owned by The BlackStone Group, https://www.blackstone.com (“Offering”). The Offering is a two-building, single-tenant office complex in Base Pointe Business Park. Base Pointe is a 38-acre business park located along I-140 (Pellissippi Parkway) in between two interchanges. The offering is 17.3 acres, including 4.35 acres for expansion and is improved with two buildings totaling 92,500 square feet that were originally built in 2012 and expanded through 2015. TeamHealth has an option to expand the second building from 40,000 square feet to 70,000 square feet which would increase the net operating income in the future. Land for expansion is included in the sale price. Base Pointe Business Park is located at 3231 & 3225 North Star Circle, Louisville, TN 37777, which is in the Knoxville-Morristown-Sevierville Combined Statistical Area (CSA). The Knoxville-Morristown-Sevierville Combined Statistical Area (CSA) is centrally located at the intersection Interstate 75, Interstate 40, and Interstate 81. Over two-thirds of the nation’s population lives within a day's drive of the region. The Park’s prime location has immediate highway access, is less than five minutes to McGhee Tyson Airport, nine minutes from West Knoxville, 15 minutes from the University of Tennessee and 12 minutes from downtown Maryville. The Park is accessed via Wrights Ferry Road from either Topside Road or Alcoa Highway. Access is easy and clear with a traffic signal at Topside Road and recently widened and resurfaced Wrights Ferry Road.
  • Located in a Qualified Opportunity Zone
  • Over eight years remaining on lease
  • Opportunity to increase NOI if tenant expands
  • Landlord only responsible for roof and structure
  • One level buildings
  • High parking ratio
  • Interstate visibility
  • Near airport
  • Strong workforce
  • Great quality of life
  • Expansion pad is graded and has utilities
3/12/2019 6:33:15 PM 5/22/2019 2:40:33 PM

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