East Memphis Office Opportunity

Office for Sale
Catylist Listing ID: 29998637
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,724 SF
Gross Building Area: See Agent
Sale Price: $650,000
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2018

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present this first floor office ownership opportunity in East Memphis. This is a Class A office building in the heart of the highest demand office district in the entire region. The subject space is approximately one-half of the first floor but the entire first floor is available. Separately metered utilities providing 24/7/365 tenant controlled services; card access system; one block off Poplar Avenue, outside the 240 loop, hardwood floors, stone lobby, textured surfaces throughout. New retail development in the immediate area.

Additional Details

Nearest MSA: Memphis
County: Shelby
Is Condo?: Yes
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 8,000 SF
Year Built: 2002
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 360 degree surface parking lot with 2 points of egress - Quail Hollow and International Place. 3.5:1 Parking Ratio
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,374 81,597 265,518
Median Age: 42.28 40.14 35.99
Households: 4,428 34,865 104,372
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