Opportunity:
This acquisition poses an attractive combination of substantial lease cash flow with significant upside potential as the rents, at acquisition, were below market.  The downtown Knoxville office market is quite healthy, with Class A vacancies less than 10% and rental rates starting to increase.  Additionally, a significant amount of Class B and Class C space has been taken off the market and converted to residential uses.  The building is located in the heart of downtown Knoxville with close access to all major amenities.

View a detailed map of this property (MapQuest). Property: Class A, Six-Story Office Building Size: 91,426 RSF on .50 Acres Built: 1988 Purchased: August, 2006 Ownership: Westminster Two Centre LLC, owned 100% Fund VI At Acquisition: Cost: $10,050,000 Occupancy: 99% Cost per SF: $110 ← Return to previous section Click the images below for an enlarged view: By using this website, you acknowledge that you have read the terms and conditions, and will be bound by the terms hereof. Copyright ©2010 The Westminster Funds ®. All rights reserved.