Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2005
Sq.Footage
19,663
Excellent opportunity to acquire a fully-occupied, five-building (seven-suite) medical portfolio in West Memphis, AR, located in the Memphis, TN MSA, just eight miles from downtown Memphis. West Memphis is experiencing significant economic momentum, evidenced by recent and planned government and corporate investments, including a $4B Google data center, and planned openings or expansions by Starbucks, Buc-ee's and Coca-Cola. This portfolio has a history of strong occupancy and is currently 100% occupied by established tenants. Two of the leases include rent escalations, and the investment offers the opportunity to increase returns upon lease renewal by raising rental rates for several of the leases and renegotiating owner responsibility for OPEX. Over $120,000 in recent owner and tenant improvements have enhanced the portfolio’s long-term value and reflect the tenants’ commitment to continued operations in the area. Portfolio package includes 302 S Rhodes, 304 S Rhodes, 308 S Rhodes, 318 S Rhodes and 316 W Tyler.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot, On Street
-
Pool
No
Area & Lot
-
Lot Features
City Lot
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,900,000
-
Tax Amount
15396.0
-
Zoning
Commercial
-
Sq. Footage
19, 663
-
Price/SqFt
$96
HOA
-
Association
Yes
-
Association Fee 2 Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Tax Lot
4
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Location
County
Crittenden
Elementary School
Middle School
High School
Listing Courtesy of Ashley Habiger , Delta Properties
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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