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8323 N Us 51 Hwy

Millington, TN 38053
  • $3,100,000
  • STATUS: Active
  • ON SITE: 1987 days
  • ID#: 9968446
UPDATED: 55 min ago
$3,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2010
County:

School Ratings & Info

Description

This is a fabulous building containing 50,000 square feet of retail and 25,000 sq ft of heated warehouse situated on 6.5 acres. The facility is now leased ready for an investor to take advantage of this money making opportunity. Serious, qualified buyers call for details. 100% leased ready for investor. 7.25 cap rate

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© 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryan Realty Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-06-24T08:03:02.8.
www.bryanrealty.com/homes/58999474
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8323 N Us 51 Hwy Millington, TN 38053

  • Price: $3,100,000
  • Status: Active
  • Updated: 55 min ago
  • ID#: 9968446
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2010
Built
Neighborhood:
Bolton Estate Total Of 6.33 Plus 1.5 Acre Lot
County:
Shelby
Area:
Millington - West
Property Description
This is a fabulous building containing 50,000 square feet of retail and 25,000 sq ft of heated warehouse situated on 6.5 acres. The facility is now leased ready for an investor to take advantage of this money making opportunity. Serious, qualified buyers call for details. 100% leased ready for investor. 7.25 cap rate
Exterior Features

Buildings 2 Land Sq Ft 287855 Location Free Standing Lot Size 6.34AC659.1X442.67 IRR Parking Facility 76 Or More SpacesConcrete Road Frontage Us Highway Roof Pitched Truck Loading Door Height 13-15.9 Feet4-6 Doors

Interior Features

Average Ceiling Height 31 Or More Feet Cooling System Central CoolingElectric Cooling Floors HardwoodParquet FloorPartial CarpetTileVinyl Foundation Slab Heating System CentralGas Hot Water Electric Hot WaterPublic SewerPublic Water Improved Sq Ft 75000 Leaseable Sq Ft 75000 Offices 9 Restrooms 5

Property Features

Actual Annual Rent 192000 Annual City Tax 18753 Annual County Tax 45000 Annual Insurance Expenses 20000 Annual Operating Expenses 120000 Average Annual Utilities 54000 Commercial Type Commercial Contingency Type No Contingency Existing Financing Private/Owner Information Available PlatTax Info Available Legal Subdivision Name Bolton Estates (Unrec) Miscellaneous FencedFire SprinklersInside StorageOutside LightingRest RoomsSecurity SystemSprinkler SystemTraffic Court Available New Financing Conventional Percent Occupancy 100 Possession Lease Possession At Closing Sale Includes Building And Land Tenant Pays All UtilitiesCommon Area MaintenanceGlass InsuranceInside RepairsLiability InsuranceOutside LightingOutside RepairsTaxesTrash Removal Type Usage Building Trade/SuppliesOfficeRetailWholesale Zoning Pb

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Tiger Realty.



© 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryan Realty Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-06-24T08:03:02.8.
 
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Bryan Realty Group
1850 Poplar Crest Cove, Suite 104
Memphis TN, 38119