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Value-Add | Office Investment 6605 Stage Rd 11,500 SF 56% Leased Office Building Memphis, TN 38134 $1,750,000 ($152.17/SF)

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INVESTMENT HIGHLIGHTS

  • 6605 Stage Road is an 11,300 square-foot office/medical building located in the northeast Memphis community of Bartlett, with brand new roof!
  • This office/medical asset is highly visible to over 30,000 vehicles traveling along Stage Road each day.
  • 24.2% of workers in the Bartlett area specialize in health care services, providing a skilled and trained labor force.
  • Value-add opportunity less than five minutes from highways 79 & 64 and eighteen miles from downtown Memphis.
  • The over 35,000 residents living within a two-mile radius spent a total of $21,483,820 on health care services in 2021.
  • The property is surrounded by multiple national retailers including Chick-fil-A, Burger King, Taco Bell, and more.

EXECUTIVE SUMMARY

This 11,300 square-foot office property located in the heart of Bartlett is for sale for investment and/or owner user. It has one medical tenant occupying 5,650SF that has signed a 5-year term, with 2 options for extension. This property sports a number of features including: full kitchenette, storage, ADA restrooms, and more. This property is located near multiple businesses such as Kroger, Walgreens, Chick-fil-A, Starbucks, and more.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
11,500 SF
Building Class
B
Year Built
1988
Price
$1,750,000
Price Per SF
$152.17
Percent Leased
56%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,500 SF
Building FAR
0.27
Lot Size
0.98 AC
Zoning
OL - Office Services Zoning
Parking
44 Spaces (3.83 Spaces per 1,000 SF Leased)

AMENITIES

  • Kitchen
  • Storage Space
  • Central Heating
  • Recessed Lighting
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • The Smile Spa (Dental)
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
The Smile Spa (Dental) Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste A
  • 1,647 SF
  • Office
  • -
  • Now

Offices can be divided for multiple tenants -Shell condition ready for remodeling -Landlord will contribute to tenant improvements -Traffic counts: 29,540 vehicles/day -Close by Chic-fi-la, Kroger, and other retail -6-Minute Drive to St. Francis Hospital

  • 1st Fl-Ste B
  • 3,375 SF
  • Office
  • -
  • Now

- Offices can be divided for multiple tenants - Shell condition ready for remodeling - Landlord will contribute to tenant improvements -Traffic counts: 29,540 vehicles/day - Close by Chic-fi-la, Kroger, and other retail - 6-Minute Drive to St. Francis Hospital

Space Size Space Use Condition Available
1st Fl-Ste A 1,647 SF Office - Now
1st Fl-Ste B 3,375 SF Office - Now

1st Fl-Ste A

Size
1,647 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste B

Size
3,375 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste A

Size 1,647 SF
Space Use Office
Condition -
Available Now

Offices can be divided for multiple tenants -Shell condition ready for remodeling -Landlord will contribute to tenant improvements -Traffic counts: 29,540 vehicles/day -Close by Chic-fi-la, Kroger, and other retail -6-Minute Drive to St. Francis Hospital

1st Fl-Ste B

Size 3,375 SF
Space Use Office
Condition -
Available Now

- Offices can be divided for multiple tenants - Shell condition ready for remodeling - Landlord will contribute to tenant improvements -Traffic counts: 29,540 vehicles/day - Close by Chic-fi-la, Kroger, and other retail - 6-Minute Drive to St. Francis Hospital

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
B0-157H-A0-0009C
Land Assessment
$77,000
Improvements Assessment
$369,880
Total Assessment
$446,880
  • Listing ID: 26439858

  • Date on Market: 7/15/2020

  • Last Updated:

  • Address: 6605 Stage Rd, Memphis, TN 38134

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