Tennessee Department of Children’s Services

An opportunity is available to acquire a property situated on 9 acres in Knoxville, TN, featuring 270 parking spaces and originally constructed in 2009 for the Tennessee Department of Children’s Services (DCS). DCS currently occupies the facility under a lease that runs through November 30 of this year. A new 10-year lease is set to begin as soon as the ongoing construction is completed—anticipated by December or shortly thereafter.

The property also offers two key value-add opportunities. First, the sale includes an additional site approved for the development of a building up to 20,000 square feet. Second, once the seller finalizes the current buildout and the new DCS lease commences, there will be a 6,478-square-foot suite available to lease, creating potential for additional rental income. The property benefits from a prime location in Knoxville, the second-fastest-growing city in Tennessee, making it an ideal fit for DCS operations.