Business Park For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30276849
Property Subtypes: Business Park, Executive Suites, Governmental, Mixed Use, Flex Space, Net Leased
Status: Pending
Building Size (RSF): 92,340 SF
Gross Land Area: 8.56 Acres
Sale Price: $425,000
Unit Price: $4.60 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Directors Plaza II
Class of Space: Class D
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/21/2018

Overview / Comments

Multi-functional office park has 5 buildings, for a total of 92,340 SF. Varying sizes of office suites. Select units are flex space with dock doors. Great investment property with huge upside potential for improvements and tenant occupancy. Area is zoned EMP. Located in the airport/distribution area. Near MATA bus line.

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 060222 00181
Zoning: EMP
Property Located Between: Airways and Brooks
Property Visibility: Good
Airports: MEM
Area Description: Located in the airport / distribution area
Total Number of Buildings: 5
Number of Stories: 1
Year Built: 1973
Roof Type: Flat

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,107 83,586 239,910
Median Age: 32.32 35.32 34.74
Households: 1,500 31,289 93,387


Photograph of Listing Agent

Jeff Waddell

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