Dual Class A Offices w/ Strong Upside 2 Office Properties Offered at $5,500,000 in Memphis, TN
INVESTMENT HIGHLIGHTS
- Two Class A office buildings comprising over 241,000 SF with strong operational upside and a reputable medical equipment company anchor tenant.
- Secured and gated parking facility with a 5.28:1 parking ratio (1,060+ spaces), three dock-high doors, two truck loading pads, & maintenance shop.
- Anchored by strong corporate neighbors including Medtronic, Compass Laboratories, Extended Stay America, Grainger, Subway, and many more.
- Strong asset flexibility ideal for a company headquarters or multi-tenant operations with connectivity between the buildings on floors 1-4.
- Five minutes from Memphis International Airport, the U.S.'s busiest cargo airport (world's 2nd busiest) and the FedEx Express World Hub.
- Located near primary transportation networks including Interstate 40, Interstate 55, Interstate 69 & Interstate 240, providing ultimate connectivity.
EXECUTIVE SUMMARY
1810 and 1840 Pyramid Place (“the Property”), a two-building Class A office portfolio comprised of 241,225 SF, is a value-add investment opportunity. Located in an opportunity zone and Memphis’ Nonconnah Business Park, the Property has access to a multitude of transportation networks including the city’s inner beltway I-240, I-40, I-55, and I-69. The Property is also uniquely equipped to benefit from its proximity to the Memphis International Airport – the country’s busiest cargo airport.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating & Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Termination Notices
- Register to Bid Instructions
- Survey
PROPERTY FACTS
| Price | $5,500,000 |
| Price / SF | $22.80 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 241,225 SF |
| Total Land Area | 3.59 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1810 Pyramid Pl, Memphis, TN 38132 | Office | 110,826 SF | 1998 | - |
| 1840 Pyramid Pl, Memphis, TN 38132 | Office | 130,399 SF | 2004 | - |
