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Suburban Office Building with Cash Flow 894 N Germantown Pky

22,208 SF 80% Leased Office Building Cordova, TN 38018 £2,907,864 (£131/SF)

Investment Highlights

  • Owner/Occupant Opportunity with Cash Flow
  • Incredible Signage/Exposure

Executive Summary

CRYE-LEIKE COMMERCIAL is pleased to present a first-rate multi-tenant office building now available in a prime Cordova location. Two story brick office building with four-sided parking (90 surfaced spaces), situated on highly visible Germantown Parkway. Includes an available bank branch complete with drive-through. Entire top floor available for an owner/user opportunity. Solid first floor lease income in place to offset the costs of ownership. This landmark building features high visibility signage to over 60,000 vehicles per day on Cordova's prime commercial corridor. Easy walk-ability to the adjacent Shelby Farms Greenline access point. Quick access to Poplar Avenue and I-40 with close proximity to major big box retail, national and local restaurant chains, hotel accommodations, and full-service amenities. Contact us today for a private tour (901) 262-2055

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
22,208 SF
Building Class
B
Year Built
1988
Price
£2,907,864
Price Per SF
£131
Percent Leased
80%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
11,104 SF
Slab to Slab
12 ft
Building FAR
0.35
Lot Size
1.46 AC
Zoning
CL
Parking
85 Spaces (3.82 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Signage

About 894 N Germantown Pky , Cordova, TN 38018

CRYE-LEIKE COMMERCIAL is pleased to present a first-rate multi-tenant office building now available in a prime Cordova location. Two story brick office building with four-sided parking (90 surfaced spaces), situated on highly visible Germantown Parkway. Ground level includes a Pinnacle bank branch complete with drive-through. This is a solid investment opportunity with existing lease income perfectly suited for a user/buyer. This property features high visibility signage to over 60,000 vehicles per day on Cordova's prime commercial corridor. Easy walk-ability from property to Shelby Farms Greenline access point. Quick access to Poplar Avenue and I-40 with close proximity to major big box retail, national and local restaurant chains, hotel accommodations, and full-service amenities.

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 101
  • 3,132 SF
  • Office
  • Full Build-Out
  • Now

Outstanding Bank opportunity with ground floor access, private offices, teller stations, drive-through service, ample parking and building signage. Interior pictures coming soon.

  • 1st Fl-Ste 2
  • 1,290 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 201
  • 11,000 SF
  • Office
  • Full Build-Out
  • 30 Days

Entire second floor (up to 11,000 SF ) now available for lease. See floorplan in the attachments. Modified gross rate includes all fees except interior janitorial. CRYE-LEIKE COMMERCIAL is pleased to present multiple spaces for lease in an extremely high profile location. The entire second floor is also now available for a single user requiring a large block of contiguous space. Building facade signage potential. Maximize exposure and access both in this prime location with extremely high traffic count, thriving retail, easy walk ability in the center of Cordova's business corridor.

Space Size Space Use Condition Available
1st Fl-Ste 101 3,132 SF Office Full Build-Out Now
1st Fl-Ste 2 1,290 SF Office - Now
2nd Fl-Ste 201 11,000 SF Office Full Build-Out 30 Days

1st Fl-Ste 101

Size
3,132 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 2

Size
1,290 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 201

Size
11,000 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste 101

Size 3,132 SF
Space Use Office
Condition Full Build-Out
Available Now

Outstanding Bank opportunity with ground floor access, private offices, teller stations, drive-through service, ample parking and building signage. Interior pictures coming soon.

2nd Fl-Ste 201

Size 11,000 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Entire second floor (up to 11,000 SF ) now available for lease. See floorplan in the attachments. Modified gross rate includes all fees except interior janitorial. CRYE-LEIKE COMMERCIAL is pleased to present multiple spaces for lease in an extremely high profile location. The entire second floor is also now available for a single user requiring a large block of contiguous space. Building facade signage potential. Maximize exposure and access both in this prime location with extremely high traffic count, thriving retail, easy walk ability in the center of Cordova's business corridor.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-1038-0-0003
Land Assessment
£275,859
Improvements Assessment
£191,144
Total Assessment
£467,003
  • Listing ID: 13690775

  • Date on Market: 04/09/2018

  • Last Updated:

  • Address: 894 N Germantown Pky, Cordova, TN 38018

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