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1023 Cherry Road

1023 Cherry Road, Memphis, TN 38117

N/A

120,989 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
120,989 SF
Property Type:
Office
Property Sub-type:
Office-Business Park
Property Use Type:
Net Lease Investment with
7 years left on lease
Occupancy:
100%
Tenancy:
Single
Lot Size:
6.59 AC
Listing ID
16628728
Last Updated
over 1 year ago

Description

100% Leased, performing investment. Harrah' s leases expire in 2012 and 2017. Annual NOI exceeds $2,200,000 per year. Foreclosed due to mortgage default. Motivated seller. Years Built: Building 1 1985, Building 2 1995. Total Square Feet 120,989 RSF; Building 1 61,847 RSF, Building 2 59,142 RSF. Land Area: 6.59 acres, Garage and surface parking, Bellsouth and Time Warner Fiber Optics on site. Each building has a back-up generator.

Grubb & Ellis is proud to present this beautifully landscaped, suburban office campus for sale. 1023 Cherry Road is located along the Poplar Avenue Corridor, the business and entertainment center of Memphis and the Mid-Southern United States. Within close proximity to restaurants, transportation and amenities, this one of a kind facility is available for sale, at well below replacement cost, to an investor or user with an eye for quality and value.

Map of 1023 Cherry Road, Memphis, TN 38117 (Shelby County)

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Created 3/30/2010