Germantown Parkway Multi-Tenant Office Building

Office for Sale
Catylist Listing ID: 30328756
Property Subtypes: Office Building
Building Size (RSF): 22,208 SF
Gross Land Area: 1.46 Acres
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Building Name: Crye-Leike
Class of Space: Class B
Usable Size (USF): 22,208 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2018

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present a first-rate multi-tenant office building now available in a prime Cordova location. Two story brick office building with four-sided parking (90 surfaced spaces), situated on highly visible Germantown Parkway. Ground level includes a Pinnacle bank branch complete with drive-through. This is a solid investment opportunity with existing lease income perfectly suited for a user/buyer. This property features high visibility signage to over 60,000 vehicles per day on Cordova's prime commercial corridor. Easy walk-ability from property to Shelby Farms Greenline access point. Quick access to Poplar Avenue and I-40 with close proximity to major big box retail, national and local restaurant chains, hotel accommodations, and full-service amenities.

Additional Details

Nearest MSA: Memphis
County: Shelby
Property Located Between: Trinity and Macon (HWY 193)
Property Visibility: Excellent
Highway Access: I-40, I -240
Airports: Memphis International Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1988
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 3.8 (per 1000 SF)
Parking Type: Surface
Parking Description: 80 spaces surfaced parking
Total Parking Spaces: 80
Passenger Elevators: 1
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,073 82,799 187,510
Median Age: 36.7 36.44 38.68
Households: 5,178 33,747 73,249
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