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Multi-Tenant DaVita Anchored MOB 4913 Raleigh Common Dr 18,298 SF 100% Leased Office Building Memphis, TN 38128 $2,575,000 ($140.73/SF) 9.02% Cap Rate
INVESTMENT HIGHLIGHTS
- PRIME LOCATION: Located on Austin Peay Hwy. which has traffic counts of over 24,000 VPD
- STRONG HISTORICAL OCCUPANCY: DaVita has Occupied for 25 Years; Local Tenants Have Occupied for Combined 15+ Years
- PRICED BELOW REPLACEMENT COST: $140.73 is well below replacement cost.
- NATIONAL & LOCAL TENANTS: Anchor Tenant DaVita Dialysis has Lease Term Exceeding 7 Years. Local Tenants Have Short Term and Below Market Rent
- PROXIMITY to HOSPITAL and MAJOR RETAILERS: Less than 1 Mile From Methodist North Hospital and across the street from Walmart/Kroger anchored center
- MARKET DEMOGRAPHICS: 140,000+ People Within a 5-Mile Radius
EXECUTIVE SUMMARY
? DaVita has occupied for 25 Years and signed 10-year extension in 2022.
? Automatic Appreciation Through Rent Growth
? DaVita annual rental amount increases by $17,168 in November of 2026.
? Priced Significantly Below Replacement Cost
? $140.73 PPSF creates barrier to entry for new construction limiting competition from entering the market.
? Proximity to Hospital and Traffic Drivers
? Less than 1 Mile From Methodist North Hospital and adjacent to Walmart/Kroger anchored center.
? Prime Location with Visibility on Austin Peay HWY
? 24,000+ Vehicles per day.
? 140,000+ Population in 5-Mile Radius.
? New City Funded Development 1.05 Miles Away
? $45 Million dollar multiplex project recently completed.
? Automatic Appreciation Through Rent Growth
? DaVita annual rental amount increases by $17,168 in November of 2026.
? Priced Significantly Below Replacement Cost
? $140.73 PPSF creates barrier to entry for new construction limiting competition from entering the market.
? Proximity to Hospital and Traffic Drivers
? Less than 1 Mile From Methodist North Hospital and adjacent to Walmart/Kroger anchored center.
? Prime Location with Visibility on Austin Peay HWY
? 24,000+ Vehicles per day.
? 140,000+ Population in 5-Mile Radius.
? New City Funded Development 1.05 Miles Away
? $45 Million dollar multiplex project recently completed.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,298 SF
Building Class
B
Year Built
2001
Price
$2,575,000
Price Per SF
$140.73
Cap Rate
9.02%
NOI
$232,227
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,298 SF
Building FAR
0.15
Lot Size
2.83 AC
Zoning
Commercial
Parking
70 Spaces (3.82 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | D0-147-0-0518C | Improvements Assessment | $522,160 |
| Land Assessment | $196,640 | Total Assessment | $718,800 |
PROPERTY TAXES
Parcel Number
D0-147-0-0518C
Land Assessment
$196,640
Improvements Assessment
$522,160
Total Assessment
$718,800
CONTACTS
-
Christopher Biuso -
Spencer Koch -
Rory Shelby -
Scott Gould -
Caitlin Lancaster -
Marcus & Millichap
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Multi-Tenant DaVita Anchored MOB | 4913 Raleigh Common Dr
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