For Sale: Multi-Tenant Medical Office Investment Opportunity in Growing Medical Corridor – Memphis, TN

DSCN0483_2Kirby Gate Office Building
2900 KIRBY PARKWAY
MEMPHIS, TENNESSEE 38119

CBRE Memphis is the exclusive marketing advisor for Kirby Gate Office Building, a single-story multi-tenant medical office building containing approximately 26,321 square feet. Currently 77.5% leased, the Property is supported by a diverse medical tenant mix including pediatrics, dentistry, obstetrics, and podiatry.

Located at the intersection of Kirby Parkway and Quince Road, Kirby Gate Office Building benefits from its position within a growing medical service area. Recent developments in the surrounding trade area include a $9.2 million Methodist Hospice Facility, an assisted living facility, a long-term acute care center, and a proposed outpatient hospital facility to be operated by the Regional Medical Center (The MED).

Kirby Gate Office Building offers an excellent opportunity to acquire a well positioned asset with considerable upside potential at a significant discount to replacement cost.

Address: 2900 Kirby Parkway
City/State: Memphis, TN 38119
Type: Medical Office
SF: 26,321
Price: $2,325,000
Cap Rate: 8.52%

For more information on Kirby Gate Office Building, please visit our website at
www.cbremarketplace.com/2900Kirby

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