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.
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