4913 Raleigh Common Dr - Medical FOR SALE


Memphis, TN 38128- Raleigh
$2,775,000 USD
813-210-7741
4913 Raleigh Common Dr, Memphis, TN for Sale
$2,775,000 USD
Medical - FOR SALE
1/5
null | 8% Cap Rate

4913 Raleigh Common Dr
Memphis, TN 38128
Raleigh


HIGHLIGHTS

  • PRIME LOCATION: Located on Austin Peay Hwy. which has traffic counts of over 24,000 VPD
  • NATIONAL & LOCAL TENANTS: Anchor Tenant DaVita Dialysis has Lease Term Exceeding 7 Years. Local Tenants Have Short Term and Below Market Rent
  • STRONG HISTORICAL OCCUPANCY: DaVita has Occupied for 25 Years; Local Tenants Have Occupied for Combined 15+ Years
  • PROXIMITY to HOSPITAL and MAJOR RETAILERS: Less than 1 Mile From Methodist North Hospital and across the street from Walmart/Kroger anchored center
  • PRICED BELOW REPLACEMENT COST: $151.66 is well below replacement cost. Parcel can accommodate development of additional “sister” building.
  • MARKET DEMOGRAPHICS: 140,000+ People Within a 5-Mile Radius

OVERVIEW

The property is located on Austin Peay Hwy which has traffic counts of over 24,000 VPD

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant DaVita Anchored MOB

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

Commercial

APN/PARCEL ID

D0-147-0-0518C

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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