CEDAR RIDGE OFFICE BUILDING – KNOXVILLE TN

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in Cedar Ridge, a fully stabilized office building located at 408 N Cedar Bluff Road in Knoxville, Tennessee. Spanning 4.91 acres in the thriving Knoxville MSA, this investment-grade asset features a diverse tenant mix on gross and modified gross leases, most of which include annual escalations.

Currently 100% occupied with staggered lease rollover, Cedar Ridge presents a prime value-add opportunity through converting leases to NNN and adjusting rents to market rates. Ideally positioned within a dense commercial corridor off Interstate 40—a major transportation artery in the Southeast—the property benefits from excellent accessibility and is just minutes from downtown Knoxville.

Knoxville, Tennessee’s third-largest metro area after Nashville and Memphis, serves as the economic hub of a nine-county region, including Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union counties. The local economy is bolstered by the University of Tennessee and year-round tourism driven by the nearby Great Smoky Mountains. Knoxville, the county seat of Knox County, is home to approximately 190,000 residents, reinforcing strong demand for office space in the region.

• Prime Investment Opportunity in Knoxville, TN | Fully Stabilized Office Asset
• 100% Occupied with Diverse Tenancy in Premium Sectors: Tech, Legal, Logistics
• Staggered Lease Rollover WALT of +/- 1.8 Years | Gross/MG Leases, Majority with Annual Escalations
• Value-Add Opportunity by Converting Leases to NNN & Raising Below Market Rents
• Major Tenants Include EPA-GSA, Walden Security, TLD Logistics, & More
• $650,000+ into Recent Interior/ Exterior CapEx Improvements | Firestone Roof Installed in 2016 | 6 Years Left on Warranty
• Located Just Off I-40 in a Dense Retail Corridor | Less than 1 Mile from the Parkwest Medical Center (305+ Beds)
• Proximity to Three Major Universities Including The University of Tennessee (38,500+ Students)
• Knoxville is #3 in the Nation for Low Cost of Doing Business | No Income Tax State
• State of Tennessee Rated AAA by Moody’s | Numerous Corporate Relocations & Expansions Underway

JODY McKIBBEN
Tennessee Broker of Record
License: TN 307629 | (615) 997-2900