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2625 Appling Rd 3,200 SF 100% Leased Office Building Memphis, TN 38133 $820,000 ($256.25/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Investment Opportunity! (Sale/Leaseback, 7.5% Cap Rate)
EXECUTIVE SUMMARY
Investment, Sale/Leaseback
Current Owner will extend lease for 10 year term
Established Dental Group
Current Owner will extend lease for 10 year term
Established Dental Group
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
3,200 SF
Building Class
C
Year Built
2007
Price
$820,000
Price Per SF
$256.25
Cap Rate
7.50%
NOI
$61,500
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,200 SF
Building FAR
0.17
Lot Size
0.44 AC
Zoning
R-6
1 1
PROPERTY TAXES
| Parcel Number | 09-5100-0-0184 | Improvements Assessment | $172,760 |
| Land Assessment | $26,760 | Total Assessment | $199,520 |
PROPERTY TAXES
Parcel Number
09-5100-0-0184
Land Assessment
$26,760
Improvements Assessment
$172,760
Total Assessment
$199,520
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2625 Appling Rd
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