Luxury Living with Historic Charm
All three properties have been fully renovated featuring kitchens with stainless steel appliances, granite countertops, new hardware and fixtures, wood flooring in all living areas, designer cabinetry, elegant tile bathrooms, large windows, and mountain or city views while keeping the historical charm of the exterior
Rent Growth Potential
Submarket rents are anticipated to grow by 6.0% in 2022, and 5.0% in 2023, according to CoStar projections. Submarket vacancy and rent growth are both outperforming historical averages.
Ground Floor Offices Provides Additional Income
Fort Wood and Fountain Plaza offer 1st floor office space that provides additional income to the portfolio.
Excellent Downtown Chattanooga Location
All 3 properties border the University of Tennessee Chattanooga and are minutes from the Riverfront, Northshore, and Southside neighborhoods. They feature bike scores of 76, 83, & 91 allowing for quick access to local jobs and entertainment throughout downtown.
Vibrant Downtown Chattanooga Riverfront
The Riverfront District, roughly 1-2 miles from the property, is home to a variety of local and tourist attractions, including the Tennessee Aquarium, Riverfront Parkway, 21st Century Waterfront Park, and AT&T Field.
$822 Million Volkswagen Investment
Volkswagen broke ground on an $800 million electric vehicle plant, which is expected to create 1,000 jobs. The 762,000 SF addition is expected to be completed in early 2022. Volkswagen is under construction on an additional $22 million battery engineering lab adjacent to the production plant.
Chattanooga Innovation District
The Innovation District of Chattanooga offers innovation economy assets including startup incubators and venture capital firms and is led by The
Incubator through the Chattanooga Chamber, the third largest business incubator in the United States.
Direct Access to Chattanooga’s Major Employers
Over $4.8 billion has been invested into Chattanooga in the last 5 years creating over 13,600 new jobs. The Chattanooga Portfolio provides tenants with direct access to Chattanooga’s largest employers, including:
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Chattanooga Portfolio") located in Chattanooga, Tennessee.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Chattanooga, Tennessee and known as Chattanooga Portfolio (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: