This property is Off-Market

1023 Cherry Road
Memphis, TN 38117 ·

120,989 SF · Office For Sale

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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 Type Office Tenancy Single
Property Sub-type Office-Business Park Lot Size 6.59 AC
Listing ID: 16628728 Date Created: 03/30/2010 Last Updated: 02/07/2011

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.

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

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