229, 225, 221, 217 Prince St is an office property for lease in Sevierville, TN.
This portfolio consists of 4 former single family homes that have been completely renovated and converted into office space. 8.1% Cap Rate on current income. These locations are very convenient to the courthouse and the most populated areas of Sevierville. 82% percent of the space has recently been leased to two separate tenants with three year terms. This portfolio will allow you to earn a good return on your money, while simultaneously giving you a great deal of upside potential three years down the road.
Office Space is always in high demand in Sevierville. During this economic downturn, pricing has remained strong and there is not an excess of office space in this market. This is an excellent opportunity to purchase a portfolio of very competitive office buildings that should allow you to capitalize on rising rents as the economy rebounds and little to no new office space comes onto the market.