301 Laboratory Rd - Office FOR SALE


Oak Ridge, TN 37830
$14,000,000 USD
865-777-0202
301 Laboratory Rd, Oak Ridge, TN for Sale
$14,000,000 USD
Office - FOR SALE
1/13
null | 8.48% Cap Rate

301 Laboratory Rd
Oak Ridge, TN 37830


HIGHLIGHTS

  • 83,000 SF office fully occupied by Federal Government
  • 9 year Weighted Average Lease Term (6 year firm firm)
  • Top Class of Office in Oak Ridge
  • Well located within Oak Ridge office submarket of thriving Knoxville Metro with 97% occupancy
  • Booming Nuclear Industry in Oak Ridge further supports DOE needs

OVERVIEW

301 Laboratory Road presents the opportunity to acquire a mission-critical Oak Ridge, Tennessee office asset leased to the U.S. Department of Energy. The leases are with the Oak Ridge Office of Environmental Management, a federal tenant deeply embedded in the region’s national security, cleanup, and environmental management mission and the Office of Science connected to the Oak Ridge National Laboratory. Previously occupied continuously by Leidos Engineering as a build to suit in 1991 by Cowperwood, the property benefits from its strategic location within Oak Ridge’s federal and scientific employment base, with proximity to DOE facilities, ORNL, Y-12, and the broader Knoxville-Oak Ridge innovation corridor. The Knoxville office market sits at 97% occupancy according to CoStar and demand from Oak Ridge expansion is forcing firms to deepen their office searches across the market. The offering combines durable government-backed tenancy, specialized federal demand drivers, and a hard-to-replicate Oak Ridge location serving one of the country’s most important DOE markets.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

8.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

323

LAND DETAILS

LAND ACRES

8.42 AC

LAND SF

366,775 SF

ZONING

O

APN/PARCEL ID

100B-C-014.00

ASK ABOUT THIS PROPERTY

Jay CobbleProvidence Commercial Real EstateMore Info
865-777-0202

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Jay CobbleProvidence Commercial Real EstateMore Info
865-777-0202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.