For Sale: Single Tenant Medical Office Investment Opportunity – Memphis, TN

DSCN0329_1Single Tenant Medical Office Investment Opportunity – Physicians 1st Medical – 5570 Murray Road Memphis, TN 38119

  • Tenant: Physicians 1st Medical
  • Address: 5570 Murray Road, Memphis, TN 38119
  • Type: Single Tenant Medical Office SF: 9,725
  • In-Place NOI $124,468
  • Cap Rate: 9.50%
  • Purchase Price: $1,310,188

This offering is available for a purchase price of $1,310,188 ($134.72 PSF) representing an 9.50% capitalization rate on an in-place net operating income of $124,468.

Originally constructed in 1975, 5570 Murray Road is comprised of a split-level office building containing approximately 9,725 square feet of office space. The Property is 100% occupied by Physicians 1st Medical who is operating under a seven (7) year modified gross lease with a July 2020 expiration. Physicians 1st Medical is a locally based medical service provider with an emphasis on physical therapy and chiropractic treatments.

In 2009 and 2013, renovations were made to the Property including approximately $265,000 in capital improvements. 5570 Murray Road offers ample parking and maintains convenient access to Memphis’ most affluent neighborhoods, primary transit arteries, three (3) hospitals, as well as numerous retail and dining establishments.

For more information, please contact:

 Johnny Lamberson CBRE


+1 901 260 1060

Terry Radford CBRE


+1 901 260 1022

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In

Comments are closed, but trackbacks and pingbacks are open.