615-861-9906
728 Market St, Chattanooga, TN for Sale
Apartments - FOR SALE
1/45
null | Request Cap Rate

728 Market St
Chattanooga, TN 37402
City Center


HIGHLIGHTS

  • Organic Rent Growth Headroom Bolstered By Class A Luxury Competitors
  • Operational Efficiencies Upside
  • Premier Downtown Location With Walkable Lifestyle & Strong Demand Drivers
  • Opportunity To Acquire At An Attractive Basis
  • Value Creation Through Second-Floor Commercial Activation
  • Leasing Upside & Tenant Retention By Staffing On-Site Offices

OVERVIEW

Market City Center presents a rare opportunity to acquire a modern, LEED certi?ed, institutional-quality multifamily asset in the heart of Downtown Chattanooga at a substantial discount to replacement cost. Built in 2017, the 125-unit mixed-use community features high-end ?nishes, competitive amenities, 40,273 of commercial space, and a premier walkable location along Market Street, surrounded by the city’s leading employers, restaurants, retail, and entertainment destinations. The property competes directly with newer Class A developments while offering investors meaningful upside through organic rent growth and operational improvements.

FOR SALE DETAILS

PRICE

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# OF UNITS

125

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Market City Center

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

2017

PARKING SPACES

260

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

c3

APN/PARCEL ID

145DA-D-010-S-000,145DAD 010 L000

ASK ABOUT THIS PROPERTY

Adam KlenkNorthmarqMore Info
615-861-9906

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Adam KlenkNorthmarqMore Info
615-861-9906

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