Tuesday, May 08, 2007

Gadd Crossing - Chattanooga, Tennessee

Minimum Investments Starting At $150,000.00

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  • Property Name: Gadd Crossing
  • Rentable SqFt: ± 74,346.00
  • Purchase Price: $10,000,000.00
  • Price per SqFt: $134.51 /sqft
  • Equity: $4,260,000.00
  • Loan Amount: $5,740,000.00
  • Loan-to-Value: 57.40%
  • Percent Occupied: 97.08%
  • Type: Single-story retail center

Property Description:
Gadd Crossing is an approximately 74,346 square foot, Class B+ retail center in Hixson, Tennessee. Hixson is located in the North submarket, which is the most active submarket in the Chattanooga MSA. Originally built in 1989, the Property was renovated in 2005 and 2006 to include a new building in the southwest corner of the shopping center.

Top Tenants by Total Rent:
Gadd Crossing is home to a number of successful national and local retailers including Edward Jones, State Farm Insurance, Aldi (a European based grocery chain), Rush Fitness (one of America’s fastest growing fitness chains), and an array of choice eateries appealing to every palate.

Please contact me for a full marketing brochure and further information regarding this investment.