Marcus & Millichap Inc. has successfully brokered the sale of the Cedar Ridge Office Building in Knoxville, Tennessee, for $10.5 million. The 92,645-square-foot office building, fully occupied and located on 4.91 acres at 408 N. Cedar Bluff Road, was sold to a Nashville-based buyer. Built in 1982, the five-story building houses 26 tenants across various industries, including tech, legal, and logistics. The property recently underwent $650,000 in capital improvements. This transaction highlights the continued strength and resilience of Knoxville's suburban office market, with sub-4% vacancy rates and a healthy leasing environment.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。