3290 New Getwell Rd - Office FOR SALE


Memphis, TN 38118- Parkway Village
$391,000 USD
901-526-3100
3290 New Getwell Rd, Memphis, TN for Sale
$391,000 USD
Office - FOR SALE
1/7
null | 9.5% Cap Rate

3290 New Getwell Rd
Memphis, TN 38118
Parkway Village


OVERVIEW

Two-story multi-tenant office building Total SF: 9,672 SF | 12 rental units Sale Price: $391,000, well below replacement cost Current occupancy: 39.5% In place cap rate: 9.5% Upside to 20% Stabilized Cap Rate through Leasing Roof and mechanical systems are in good condition Strong value-add potential through lease-up and management optimization

FOR SALE DETAILS

PRICE

$391,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridge Point

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C-H

APN/PARCEL ID

07-3041-0-0166

ASK ABOUT THIS PROPERTY

Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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Brian CaliffNAI Saig CompanyMore Info
901-526-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.