Ridgeway Center 756-765 Ridge Lake Blvd 35,508 SF 42% Leased Office Building Memphis, TN 38120 $6,650,000 ($187.28/SF) 5.32% Cap Rate

Vacant units in the building can be leased! This location is ready for a new owner and plenty of space for owner occupant! I am pleased to offer this amazing 35,508 square foot Professional Office Property! Located with in the Heart of East Memphis, in a dense Office/residential corridor with a strong mix of recession proof tenants providing for you a secure investment. Offering a quiet office setting, which includes a landscaped interior courtyard and "A" finishes. Renovations in Lobby and common area. The building exterior just went through a major renovation with new exterior painting of the brick, parking lot, and updated landscaping. High ceilings, 9'-10' throughout, and elevator. Priced below replacement value, Tennessee is an income tax free state, Memphis is the second most Populous City in Tennessee with about 630,000 residents, vehicle count for Ridge Lake Boulevard is approx. 145,000 vehicles per day, Excellent demographics, with a population of over 200,000. With nearby tenants include: Target, PetSmart, Best Buy, Marriott, Hilton, Embassy Suites, Hampton Inn & Suites, REI, Staybridge Suites, Courtyard by Marriott, Hyatt Place, La Quinta Inn & Suites and many more. There are vacant units ready for owner occupancy.