3394 Winchester Rd - Warehouse FOR SALE


Memphis, TN 38118- Oakhaven
$2,150,000 USD
901-277-7373
3394 Winchester Rd, Memphis, TN for Sale
$2,150,000 USD
Warehouse - FOR SALE
1/34
null | 8.5% Cap Rate

Nov '27


3394 Winchester Rd
Memphis, TN 38118
Oakhaven


OVERVIEW

Building is occupied until November 25, 2027 and is leased at $182,931.03 annual income to the owner. Concrete tilt-up warehouse and office/showroom building located near FedEx and the Memphis International Airport. Excellent visibility along Winchester Road. Quick access to I-55, I-240 and Lamar Avenue (Highway 78). Total gross building area of approximately 40,690 square feet (35,625 sq. ft. first floor + 5,065 partially finished office on mezzanine second level). The first level consists of 25,725 sq. ft. warehouse + 4,835 sq. ft. front showroom/offices + 5,065 sq. ft. finished area shop/training/conference areas = 35,625 sq. ft. Building was full rehabbed in 2004 which included new restrooms and numerous updates. 19’ clear height ceilings in warehouse. Truck docks: total of 4 with 2 of those underneath a canopy. Drive-in door: one 20’ door. 1.79 acre corner lot. 100% occupied until November 2027. Owner responsibilities include roof, parking lot and HVAC. Tenant responsible for everything else including taxes and insurance. Entire building was extensively remodeled in 2004 including new kitchen/break area, offices/showroom, restrooms, dock levelers + more at a cost of $1,250,000 +/-. New Dura-Last transferrable 20-year roof above showroom/warehouse in 2020. New Dura-Last transferrable 20-year roof above warehouse in 2022. HVAC replacements – January 2022 (6-ton York entire system), October 2022 (heat exchanger) and December 2023 (6-ton York entire system). Lighting: New LED warehouse lighting installed in 2022/2023. Security system: Updated March 2023. Sprinkler System: Entire property is sprinklered. Warehouse/offices/showroom and mezzanine – wet system, Canopy - Updated to dry system in 2023. The above information is deemed to be reliable but not guaranteed.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Showroom, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

20 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.8

LAND SF

78,408

ZONING

IL

APN/PARCEL ID

07-3006-A0-0005C

ASK ABOUT THIS PROPERTY

Eric TrotzTrotz Real Estate Services, Inc.More Info
901-277-7373

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Eric TrotzTrotz Real Estate Services, Inc.More Info
901-277-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.