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| Name: |
Union Centre |
| Address: |
1331 Union Ave. |
| City: |
Memphis |
| State: |
TN |
| Price: |
$7770000 |
| Price/Sq ft : |
$49.70/square foot |
| Cap: |
6.78% |
| Description: |
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| The subject property is a 156,342 sq/ft leasehold interest office building located on the Campus of Methodist University Hospital in Memphis, TN. The property is currently 43% occupied which creates enormous upside potential for an incoming investor. The property is for sale at 49.70/ft which is less than a third of replacement value. The property is priced at a 6.78% cap rate and will produce positive cash-flow while the property is leased up. |
Write an Offer Today! |
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| The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. Marcus & Millichap Real Estate Investment Brokerage Company's name and logo are used herein for information purposes only. |
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