Marcus & Millichap Facilitates $10.5 Million Sale of Fully Occupied Cedar Ridge Office Building in Knoxville

Reuters
07-12
Marcus & Millichap Facilitates $10.5 Million Sale of Fully Occupied Cedar Ridge Office Building in Knoxville

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on July 10, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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