8820 Trinity Rd

    Memphis, TN 38018
    • $1,150,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: 10066024
    UPDATED: 34 min ago
    $1,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2000
    County:

    School Ratings & Info

    Description

    Amazing Office building featuring multiple tenants, Prime location and a potential for growth by building in the 0.76 acre lot located on the north side of the building which is included in the sale of this property with approved contract. Enjoy the cash flow at 8.4% cap rate provided by this great property. Many improvements in the last 5 years including 5 new AC units, New roof, gutters, paint, flooring and much more. Call today for a private tour. Rents bring $129k gross income per year.

    Monthly Payment Calculator



    © 2020 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 The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-02-19T09:03:10.313.
    www.gowallacegroup.com/homes/100910126

    8820 Trinity Rd Memphis, TN 38018

    • Price: $1,150,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 10066024
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2000
    Built
    Neighborhood:
    Sunset Downs 1St Amendment
    County:
    Shelby
    Area:
    Cordova - West
    Property Description
    Amazing Office building featuring multiple tenants, Prime location and a potential for growth by building in the 0.76 acre lot located on the north side of the building which is included in the sale of this property with approved contract. Enjoy the cash flow at 8.4% cap rate provided by this great property. Many improvements in the last 5 years including 5 new AC units, New roof, gutters, paint, flooring and much more. Call today for a private tour. Rents bring $129k gross income per year.
    Exterior Features

    Buildings 1 Land Sq Ft 32930 Location CornerOffice BuildingFree Standing Lot Size 33289 SF 135.17 X 94.24 Parking Facility Asphalt/Blacktop31-75 Spaces Road Frontage City Street Roof Composition Shingles Truck Loading Door Height No Truck Door

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System Central Cooling220 WiringIndividual Cooling Floors Partial CarpetOther Flooring Foundation Slab Heating System CentralGasIndividual Systems Hot Water Gas Hot WaterPublic WaterPublic Sewer Improved Sq Ft 9600 Offices 5 Restrooms 4

    Property Features

    Actual Annual Rent 129000 Annual City Tax 8912 Annual County Tax 11455 Annual Insurance Expenses 2200 Average Annual Utilities 4500 Commercial Type Office Contingency Type No Contingency Existing Financing Conventional Fixed Information Available Investment AnalysisOperating Expense Report Legal Subdivision Name Sunset Downs Pd 1St Amendment Lot Number 2 Miscellaneous Elevator(S)Rest Rooms220 Volt PowerInside Storage New Financing ConventionalPrivateOwner Occ - Will Vacate Operating Expense Includes Repair & MaintenanceUtilities Percent Occupancy 100 Possession Lease Possession At ClosingTenants Rights1-5 Years Lease Sale Includes Building And LandSignage Tenant Pays All Utilities Type Usage Office Zoning Ca

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Coldwell Banker Collins-Maury.



    © 2020 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 The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-02-19T09:03:10.313.
     
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119