Renaissance Professional Park

Office for Sale
Catylist Listing ID: 30001132
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 22,450 SF
Gross Land Area: 4 Acres
Sale Price: $4,000,000
Unit Price: $178.17 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Renaissance Professional Park
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 8.3%
Average Occupancy Rate: 90
Last Updated: 7/20/2018

Overview / Comments

Located in Eads, this upscale office building offers immaculately-kept grounds and a convenient location.

Located in growing western Fayette County on highly trafficked Highway 64. Less than 10 minutes from Memphis!

Attachments & Media

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Current Tenants

Tenant Business Name CLOSETRAK LLC
Current Rent $1,740 PSF (Annual)
Lease Expiration 4/2019
Tenant Business Name ALLUVION SECURITIES
Industry Type Finance and Insurance
Is Renting? Yes
SF of Space Occupied 2,746 SF
Current Rent $2,968 PSF (Annual)
Lease Expiration 1/2019
Tenant Business Name MID SOUTH TITLE
Is Renting? Yes
SF of Space Occupied 1,184 SF
Current Rent $1,677 PSF (Annual)
Tenant Business Name FAYETTE FAMILY VISION
Industry Type Health Care and Social Assistance
Is Renting? Yes
SF of Space Occupied 2,400 SF
Current Rent $3,940 PSF (Annual)
Lease Expiration 9/2018
Tenant Business Name LIGHTHOUSE FAMILY DENTISTRY
Industry Type Health Care and Social Assistance
Is Renting? Yes
SF of Space Occupied 2,400 SF
Current Rent $3,000 PSF (Annual)
Lease Expiration 5/2019
Tenant Business Name FAYETTE ORTHODONTICS
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 400
SF of Space Occupied 1,300 SF
Current Rent $1,625 PSF (Annual)
Tenant Business Name RALEIGH GROUP
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 100, 200
SF of Space Occupied 2,400 SF
Current Rent $3,200 PSF (Annual)
Lease Expiration 10/2018
Tenant Business Name BRINK PEDIATRIC DENTAL
Is Renting? Yes
SF of Space Occupied 2,400 SF
Current Rent $3,200 PSF (Annual)
Lease Expiration 10/2018
Tenant Business Name RENAISSANCE REALTY
Industry Type Real Estate and Rental and Leasing
Is Renting? Yes
SF of Space Occupied 4,027 SF
Current Rent $5,033 PSF (Annual)

Additional Details

Nearest MSA: Memphis
County: Fayette
Taxing Authority: Fayette County
Tax ID/APN: 085 011.21
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: Property is located on Highway 64 in Hickory Withe, TN
Area Description: Located in rapidly growing Fayette County! Access to property by Highway 64 and Highway 196.
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 2006
Roof Type: Gable
Construction/Siding: Brick, Steel Frame, Stone
Exterior Description: Upscale with beautiful detail; immaculately kept landscaping and grounds!
Parking Type: Surface
Parking Description: Ample parking - private lot
Total Parking Spaces: 64
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B2
Lot Frontage: 130
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel 011.21

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,570 23,698
Median Age: 44.67 36.84
Households: 1,708 8,160

Contact

Photograph of Listing Agent

Jeff Waddell

Crye-Leike
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.