3394 Winchester Rd

Building is occupied until November 25, 2027 and is leased at approximately $15,000 net per month 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. 1.73 acre corner lot. 100% occupied until November 2027. Current rent is $15,244 per month to owner after taxes and insurance. 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.