NNN Memphis, TN Warehouse

Industrial for Sale
Catylist Listing ID: 29985779
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 117,300 SF
Gross Building Area: 121,097 SF
Gross Land Area: 5.38 Acres
Sale Price: $4,250,000
Unit Price: $36.23 PSF
Ceiling: 24 ft.
Docks/Doors: 15 Docks, 15 Doors
Office SF: 900 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Building Name: Memphis - NNN Investment Warehouse
Sale Terms: Cash to Seller
Cap Rate: 0.09%
Last Updated: 2/17/2017

Overview / Comments

NNN Warehouse Investment opportunity. 100% occupied with three outstanding tenants.

• NNN Investment
• Tenants have excellent reputation and contract
• Leases increase annually
• Highly sought out Industrial area in Memphis
• Well maintained building in an excellent location with direct access to I-22, I-240,I-55
• Adjacent to BNSF Rail Hub
• 8.5% CAP rate

Financials

Finance Data Year 2016
Potential Rental Income $470,100 (Annual)
Net Operating Income $470,100 (Annual)
Gross Operating Income $470,100 (Annual)
Down Payment $5,530,588

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: 03S
Tax ID/APN: 073097 00009C
Market Type: Medium
Property Located Between: BF Goodrich & Pilot Drive
Road Type: Paved
Area Description: Located in southeast Memphis, a preferred location for transportation industries. Surrounded by Corporate America warehousing and heavy industrial development, this property is convenient to Mississippi, Tennessee, and Arkansas via I-240, I-55, and directly to I-22(HWY-78). Within minutes from BNSF rail yard, as well as within 10 minutes of CN,CSX, and NS, neighboring FedEx and UPS Hubs, and the Memphis International Airport.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Year Renovated: 2016
Exterior Description: Aggregate concrete tilt wall
Parking Ratio: 80 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt paving
Total Parking Spaces: 97
Overhead Cranes: Undisclosed
Interior Description: Painted concrete walls
Legal Description: PID # 073097 00009C

Attachments & Media



Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 56,339 212,499
Median Age: 29.61 32.81
Households: 19,100 79,237
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