Newmark, as exclusive advisor, is pleased to present 5715 Uptain Road, a 95% leased, 55,506 SF office/flex asset in Chattanooga, Tennessee, anchored by the City of Chattanooga (AA+ credit) occupying 41% of the building for mission-critical, federally supported operations. The remaining tenancy is well diversified across healthcare, nonprofit, healthcare logistics, and distribution users, providing stable and resilient cash flow.
Offered at $6.6 million, the property generates an 8.75% cap rate on 2026 projected NOI of $575,904. Approximately 46% of in-place rents are ~26% below market, and the 2,500 SF built-out maintenance shop vacancy offers immediate lease-up and premium rent potential. A 2.3-year WALT enables near-term mark-to-market upside through lease roll and absorption.
Situated in a sub-3% vacancy flex & office market with limited new supply, 5715 Uptain Road presents a compelling combination of government-backed income, strong yield, and value-add upside in a top-performing Southeast Tennessee submarket.