1023 Cherry Road
Memphis, TN 38117 ·
120,989 SF · Office For Sale
Office Property For Sale
|Price||N/A||Property Use Type||Net Lease Investment with 7 years left on lease|
|Building Size||120,989 SF||Occupancy||100%|
|Property Sub-type||Office-Business Park||Lot Size||6.59 AC|
|Listing ID: 16628728||Date Created: 03/30/2010||Last Updated: 02/07/2011|
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.
1300 Southland Mall
Memphis, TN 38116
For Sale · $3,000,000
148,080 SF Building
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