Renaissance Professional Park

Office for Sale
Catylist Listing ID: 30001132
Property Subtypes: Medical, Office Building
Building Size (RSF): 22,450 SF
Gross Building Area: See Agent
Gross Land Area: 4 Acres
Sale Price: $4,000,000
Unit Price: $178.17 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 8.3%
Last Updated: 12/5/2017

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
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: Property is located on Highway 64 in Hickory Withe, TN
Area Description: Rapidly growing Fayette County
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 2005
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Upscale with beautiful detail, immaculately kept grounds!
Parking Type: Surface
Parking Description: Ample parking - private lot
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: B2
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
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