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Mendenhall Park Place 2 Flex Properties Offered at $1,600,000 in Memphis, TN
Investment Highlights
- This opportunity consists of two adjacent buildings, increasing management efficiencies.
- Newer roofs, gutters, and updated HVAC. Multi-Tenant Suites Diversified Risk & Leasing Advantage
- Located near the I-240 Loop with easy access to Memphis International Airport, the Southeast Memphis industrial corridor, and the Southaven
- Short-term WALT gives a potential buyer flexibility and the ability to add value moving forward in the near term.
- Single-story buildings with flexible layout and 12-foot ceiling heights for service, office, flex, or light industrial users
- Located within a metro area projected to see continued population and job growth through 2026.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 23,620 SF Mendenhall Park Place, located at 5261-5299 Mendenhall Park Place in Memphis, TN. This offering consists of 2 adjacent buildings, allowing for streamlined management and operational efficiencies. Featuring a short-term WALT, the asset provides investors with near-term flexibility and a clear path to execute value-add strategies, making it an attractive opportunity for both income and future upside potential.
In Cooperation with Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation with Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
| Price | $1,600,000 | Number of Properties | 2 |
| Price / SF | $49.05 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 32,620 SF |
| Status | Active | Total Land Area | 2.20 AC |
| Price | $1,600,000 |
| Price / SF | $49.05 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 32,620 SF |
| Total Land Area | 2.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5261-5275 Mendenhall Park Pl, Memphis, TN 38115 | Flex | 23,620 SF | 1986 | - |
| 5289-5299 Mendenhall Park Plz, Memphis, TN 38115 | Flex | 9,000 SF | 1984 | - |
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