Retail Space /TN /Shelby County /Memphis /3562-3590 Summer Ave
Retail Space /TN /Shelby County /Memphis /3562-3590 Summer Ave

3562-3590 Summer Ave - Freestanding FOR SALE


Memphis, TN 38122 | 
$3,390,000 USD
901-526-3100
3562-3590 Summer Ave, Memphis, TN for Sale
$3,390,000 USD
Freestanding - FOR SALE
1/15
null | 7.43% Cap Rate
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3562-3590 Summer Ave
Memphis, TN 38122

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OVERVIEW

• Total Square Footage: 29,325 square Feet • 26,325 foot in line retail Center • 3000 foot freestanding industrial building • Total Lot Size: 2.19 acres • Current Occupancy: 100% • Total tenants: 9 • In Place Cap Rate of 7.4% • Purchase Price: $3,390,000 • Stabilized cap rate at Market Rents 11.2%

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

CH

APN/PARCEL ID

03-8064-0-0039C

ASK ABOUT THIS PROPERTY

Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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