6102 Shallowford Road, Chattanooga, TN 37421

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Robert F.

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Building Details:

• Year Built: 1998

6102 Shallowford Road is an office property for lease in Chattanooga, TN.

This little office condo will make an excellent investment. It has 1,364 SF of medical space occupied by Dr. Gaddis who is a dentist, He has occupied the suite since July 1,2006. He has one year left on his current lease and will soon sign a 3 year extension so that there will be 4 years remaining.

The property is in Shallowford Common Office Park which is recognized as one of the best office parks in town. It is located in one of the buildings that fronts Shallowford Rd and hence obtains maximum exposure to the traffic along Shallowford Rd.

Starting June 1st the annual rent will be $23,993.08/yr or $1999.42/mo. It is a triple lease. The tenant pays CAM fees and property taxes.

CAM-Common Area Maintenance Fees paid by the tenant include: TAWC, EPB, Insurance, Waste Services, Accounting, Lighting, Landscaping, Security, Sweeping and Reserves. 2014 CAM fees were $2,118.84 or $1.55/SF. Property Taxes in 2013 were $4,278.57 or $3.14/sf.

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