Shopping Center Sale Comp

Washington Pike_3.9.15

5308 Washington Pike
Knoxville, TN 37918
Submarket: East Knoxville

+/- 18,881 square foot building
Land Area (SF):  102,802 SF
Land Area (AC):  2.36 AC

Frontage: 250′ on Washington Pike
Traffic Count:  19,545 AADT
Parking spots: +/- 60 free Surface Spaces are available; Ratio of 3.19/1,000 SF
Use: Shopping Center

Sale Price: $2,000,000
Sale Type: Investment
Price/SF: $105.93/SF
Price/Land SF: $19.45/SF
Price/Land AC: $847,457.63/AC
Sale Date: February 27, 2015
Recorded Buyer: SCGVI – Washington Market LLC
Recorded Seller: Cary Group Funding LLC
Buyer Broker: Unknown
Seller Broker: Unknown
Occupancy at time of sale: Unknown

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

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