2908 E Oakland Ave, Johnson City, TN 37601
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1 Office/retail Lease 2908 E Oakland Ave, Johnson City, TN Listing ID: Status: Active Property Type: Office For Lease Office Type: Executive Suites, Governmental Contiguous Space: 2,800-7,800 SF Total Available: 7,800 SF Lease Rate: $7,800 (Monthly) Unit Price: $12 PSF (Annual) Base Monthly Rent: $7,800 Lease Type: Modified Gross Overview/Comments Beautiful Commercial building near Bristol Highway on E Oakland now available for lease. Two floors, available, approximately 7800 square feet, 4800 lower level, and 2800 upper level. Storage warehouse off of main area, 1500 sq ft with 23 ft high ceilings. Second floor has large break room, and floor plan is modern and wide open. Lease one floor, or both. More Information Online QR Code Scan this image with your mobile device: General Information Office Type: Zoning: Executive Suites, Governmental, High-Tech, Institutional, Mixed Use, Flex Space, Office Building, Research & Development, Other B Class of Space: Gross Building Area: Usable Size (USF): Land Area: Class B 12,200 SF 7,800 SF 5 Acres Available Space Suite/Unit Number: Space Available: Minimum Divisible: Maximum Contiguous: Space Subcategory 1: Space Subcategory 2: A 7,800 SF 2,800 SF 7,800 SF Office Building Mixed Use Space Type: Relet Date Available: 01/18/2019 Lease Rate: $7,800 (Monthly) Lease Type: Modified Gross Parking Spaces: 0 Space Description total space available is 2 floors, approximately 7800 ft, first floor at 4800, second at Bottom floor sq footage includes 1500 sq ft of warehousing/ storage space, with roll up door, and a back lot with storage racking. Office/retail space is 2800 above, and 3300 below. Foyer has a bathroom, then another on both floors. Open bullpen design, one large office on each floor. plus breakroom. Rent is a modified gross, and includes taxes, Insurance, and CAM. Area & Location Property Located Between: Highway Access: East Oakland by Bristol Hwy near I-26 onramp Airports: Site Description: Tri-Cities Airport flat, large parking lot. Building Related Total Number of Buildings: 1 Number of Stories: 2 Year Built: 1968 Passenger Elevators: 0 Freight Elevators: 0 Page 1
2 Location Address: 2908 E Oakland Ave, Johnson City, TN County: Washington MSA: Johnson City Property Images IMG_6817 IMG_6818 Page 2
3 IMG_6820 IMG_6829 IMG_6821 IMG_6830 IMG_6824 IMG_6832 Page 3
4 IMG_6836 IMG_6843 IMG_6839 IMG_6851 IMG_6841 Page 4
5 Property Contacts Stephen J Goodson, ChFC Remax Checkmate, Commercial Division [M] [O] steveg@remax.net Page 5
6 Market Summary December, 2018 Tennessee 21.8 million SF Commercial Space For Sale 23,297 Acres Land & Farm For Sale 9.6 million SF Commercial Space For Lease $2.0 billion Total Sale Price Current Statistics for Tennessee Property Type Listings Asking Lease Rate Asking Sale Price Below List Days on Market Total Available Industrial 267 $4.37 PSF $25.54 PSF 14.3% million SF Office 1,233 $15.86 PSF $ PSF 15.8% million SF Retail-Commercial 872 $13.03 PSF $90.49 PSF 16.2% million SF Shopping Center 161 $13.14 PSF $59.37 PSF 12.6% ,105 SF Vacant Land 1,322 $0.98 PSF $1.15 PSF 19.5% million SF Farm/Ranch 9 - $0.61 PSF million SF Hospitality 13 - $2.26 PSF 15.3% million SF Multi-Family 61 - $75.67 PSF 27.0% ,426 SF Frequency: Statistics are compiled at the beginning of each month. Reliability: The quality of the data will vary based on many factors, including whether or not your CIE verifies the data on an ongoing basis. Statistics based on larger numbers of listings (as indicated by the "Listings" column) are generally more trustworthy. Accuracy: We make all attempts to normalize these stats, but make no guarantees about their accuracy. Outliers (extremely high or low values) are excluded from calculations. Counts: Listing and Transaction counts reflect the number of records with price and size information within valid ranges. The actual counts of all records in the CIE are larger. Weighted Averages: Price averages are weighed using the square footage available. Direct: Lease statistics are direct (exclude subleases). Lease Types: Because of discrepancies in how lease types (NNN, Gross, etc) are reported, we ignore differences in type all types are folded together into the lease rate stats. Below List: Reflects the average percent difference between the original listed price and the final transaction price. Net Absorption: We calculate absorption using a 90 day period. Locations: We only allow filters for locations with at least 100 active listings. Asking vs. Reported: "Asking" prices are based on active listings for the chosen locale, while "Reported" prices are calculated using completed transactions as reported by CIE members. Disclaimer: All statistics on this page have been gathered from user-loaded listings and userreported transactions. We have not verified accuracy and make no guarantees. By using the information provided on this page, the user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using. Statistics courtesy of: Northeast Tennessee Association of REALTORS Page 6
7 Demographics, Labor/Workforce, and Consumer Expenditures 2908 E Oakland Ave, Johnson City, TN Disclaimer: While we believe this information (via GeoLytics) to be reliable, we have not checked its accuracy and make no guarantee as to its validity. By using the information provided on this page, the user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using. Population 2023 Projection 3,982 33,946 90, Estimate 3,924 33,268 88, Estimate 4,090 34,588 90, Census 3,887 33,073 84,868 Growth % 2.04% 2.58% Growth % -3.82% -2.94% Growth % 4.58% 7.01% Population (Male) 2023 Projection 1,836 16,110 44, Estimate 1,822 15,728 43, Estimate 1,890 16,284 44, Census 1,757 15,649 41,188 Growth % 2.43% 2.57% Growth % -3.41% -2.75% Growth % 4.06% 7.47% Page 7
8 Population (Female) 2023 Projection 2,146 17,836 46, Estimate 2,102 17,540 45, Estimate 2,200 18,304 46, Census 2,130 17,424 43,680 Growth % 1.69% 2.6% Growth % -4.17% -3.11% Growth % 5.05% 6.59% Population by Age (2018 Estimate) Age 0 to ,168 5,785 Age 5 to ,916 5,043 Age 10 to ,909 4,899 Age 15 to ,879 4,746 Age 20 to ,851 4,762 Age 25 to ,833 4,992 Age 30 to ,889 5,437 Age 35 to ,970 5,827 Age 40 to ,089 6,132 Age 45 to ,260 6,359 Age 50 to ,280 6,229 Age 55 to ,285 6,001 Age 60 to ,154 5,529 Age 65 and over 891 6,785 16,413 Total Population 3,924 33,268 88,154 Median Age Age 0 to 5 Age 5 to 10 Age 10 to 15 Age 15 to 20 Age 20 to 25 Age 25 to 30 Age 30 to 35 Age 35 to 40 Age 40 to 45 Age 45 to 50 Age 50 to 55 Age 55 to 60 Age 60 to 65 Age 65 and over 6% 7% 7% 5% 6% 6% 5% 6% 6% 4% 6% 5% 4% 6% 5% 4% 6% 6% 6% 6% 6% 6% 6% 7% 7% 6% 7% 8% 7% 7% 7% 7% 7% 7% 7% 7% 7% 6% 6% 23% 20% 19% Median Age (Male) 2010 Census Median Age (Female) 2010 Census High School Graduates Age 25+ by Educational Attainment (2018 Estimate) High School Graduate (or GED) 764 5,605 16,195 Some College, No Degree 617 5,004 13,635 Associate or Bachelor's Degree 245 1,164 3,070 Master's Degree 124 1,468 3,646 Professional School Degree ,631 Doctorate Degree Total High School Graduates Age 25+ 1,905 14,459 39,122 High School Graduate (or GED) Some College, No Degree Associate or Bachelor's Degree Master's Degree Professional School Degree Doctorate Degree 40% 39% 41% 32% 35% 35% 13% 8% 8% 7% 10% 9% 5% 6% 4% 3% 3% 2% Page 8
9 Households 2023 Projection 2,051 15,061 38, Estimate 2,022 14,776 37, Estimate 2,108 15,371 38, Census 2,002 14,706 36,262 Growth % 1.93% 2.62% Growth % -3.87% -2.91% Growth % 4.52% 6.89% Average Household Size 2023 Projection Estimate Estimate Census Growth % -0.06% 0.01% Growth % 0.66% 0.33% Growth % -0.07% 0.05% Page 9
10 Households by Household Type and Size and Presence of Children (2018 Estimate) Family Households 934 8,689 21,937 Married-couple family 657 6,334 15,907 With own 191 2,260 5,527 No own 466 4,074 10,380 Male Householder: ,634 no wife present With own No own Female Householder: no husband 202 1,778 4,396 present With own ,406 No own ,990 Nonfamily Households 1,088 6,087 15,693 1 Person households 922 5,089 12, Unrelated people ,226 Total Households 2,022 14,776 37,630 Family Households Married-couple family With own No own Male Householder: no wife present With own No own Female Householder: no husband present With own No own Nonfamily Households 1 Person households 2+ Unrelated people 46% 59% 58% 32% 43% 42% 9% 15% 15% 23% 28% 28% 4% 4% 4% 1% 2% 2% 2% 2% 2% 10% 12% 12% 5% 6% 6% 5% 6% 5% 54% 41% 42% 46% 34% 33% 8% 7% 9% Page 10
11 Households by Household Income (2018 Estimate) Less than $25, ,858 12,651 $25,000 to $49, ,517 10,271 $50,000 to $74, ,279 6,075 $75,000 to $99, ,484 3,414 $100,000 to $124, ,891 $125,000 to $149, $150,000 to $199, $200,000 or more ,415 Total Households 2,022 14,776 37,630 Average Household Income $47, $60, $55, Median Household Income $31, $48, $43, Less than $25,000 $25,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 to $199,999 $200,000 or more 39% 33% 34% 32% 24% 27% 16% 15% 16% 4% 10% 9% 0% 7% 5% 4% 3% 2% 3% 4% 3% 3% 4% 4% Households by Household Income (2023 Projection) Less than $25, ,976 13,029 $25,000 to $49, ,577 10,535 $50,000 to $74, ,317 6,216 $75,000 to $99, ,510 3,495 $100,000 to $124, ,941 $125,000 to $149, $150,000 to $199, ,015 $200,000 or more ,440 Total Households 2,051 15,061 38,615 Average Household Income $47, $61, $55, Median Household Income $32, $48, $43, Less than $25,000 $25,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 to $199,999 $200,000 or more 39% 33% 34% 31% 24% 27% 16% 15% 16% 4% 10% 9% 0% 7% 5% 4% 3% 2% 3% 4% 3% 3% 4% 4% Per Capita Income 2018 Estimate $24, $26, $23, Estimate $24, $26, $23, Growth % 1.86% 1.2% Unemployment Rate 2018 Estimate 1.5% 3.2% 3.6% 2015 Estimate 4.32% 7.37% 6.81% Growth % % % Page 11
12 Population Age 16+ By Employment Status (2018 Estimate) Labor Force 1,988 16,207 42,800 Civilian, Employed 1,958 15,700 41,313 Civilian, Unemployed ,487 Not in Labor Force 1,245 10,627 28,545 Total Population Age 16+ 3,233 26,834 71,345 Labor Force Civilian, Employed Civilian, Unemployed Not in Labor Force 61% 60% 60% 61% 59% 58% 1% 2% 2% 39% 40% 40% Employed Civilian Population Age 16+ by Industry (2018 Estimate) Agriculture, forestry, fishing and hunting, mining and 125 1,192 2,962 construction Manufacturing 180 1,596 4,534 Wholesale & retail trade 389 2,008 6,451 Transportation and warehousing, and ,359 utilities Information ,184 Finance, insurance, real estate and ,434 rental and leasing Professional, scientific, and 181 1,212 3,055 technical services Educational, health and social services 551 4,751 11,604 Arts, entertainment, recreation, accommodation and 168 1,567 4,618 food services Other services (except public 75 1,369 2,886 administration) Public Administration ,226 Total Employed Civilian Population Age 16+ 1,958 15,700 41,313 Agriculture, forestry, fishing and hunting, mining and construction Manufacturing Wholesale & retail trade Transportation and warehousing, and utilities Information Finance, insurance, real estate and rental and leasing Professional, scientific, and technical services Educational, health and social services Arts, entertainment, recreation, accommodation and food services Other services (except public administration) Public Administration 6% 8% 7% 9% 10% 11% 20% 13% 16% 6% 3% 3% 3% 2% 3% 4% 5% 3% 9% 8% 7% 28% 30% 28% 9% 10% 11% 4% 9% 7% 1% 2% 3% Housing Units by Tenure (2018 Estimate) Vacant Housing Units 610 4,307 9,125 Occupied Housing Units 2,022 14,776 37,630 Owner- Occupied 974 9,109 22,309 Renter- Occupied 1,048 5,667 15,321 Total Housing Units 2,632 19,083 46,755 Vacant Housing Units Occupied Housing Units Owner- Occupied Renter- Occupied 23% 23% 20% 77% 77% 80% 37% 48% 48% 40% 30% 33% Page 12
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