commercial sale

Office for Sale
Catylist Listing ID: 30191994
Property Subtypes: Office Building
Building Size (RSF): 14,186 SF
Gross Building Area: See Agent
Sale Price: $1,040,000
Unit Price: $73.31 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2018

Overview / Comments

New listing. Two-property office complex for sale. Buildings are approximately 7000 square feet each, two-story. Both multi-tenant office properties and are elevator served with 11 tenants total for both properties.

Total rental income is $160,956 and owners are guaranteeing a 9 cap return for 3 years following purchase and will continue to manage property for the 3 years after closing.

NOI is $93,849.00 based on actual figures.

Property is located just east of the major intersection of Goodman Road and I-55 with traffic counts of over 39,000 vehicles per day.

Call for information or for a showing.

Additional Details

Nearest MSA: Memphis
County: DeSoto
Taxing Authority: DeSoto County
Zoning: COMMERCIAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,432 49,339 123,946
Median Age: 32.57 33.2 34.08
Households: 2,925 18,005 44,735

Contact

Photograph of Listing Agent

Cathy Anderson

Crye-Leike Commercial
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.