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3796 LAMAR AVE Memphis TN 38118-3742

[Locked] • APN 07-3012-0-0018C

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Details
Property Type Land, Multifamily (+2)
Sub Type Executive Office
Building SqFt 331,705
Lot SqFt 1,445,016
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code CMU-2
Year Built 1979
Building Count 4
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Multifamily, Office, Land, Self Storage
Asking Details
Asking Cap Rate
******
Marketing Description

PRICE DROP!! Motivated Seller!!! Bring all offers.

The Commerce Center, a 33 acre office campus that includes 301,000+/- square feet of space divided into 3 buildings. Building 1 is approximately 279,000sf+/-, 3 stories of office space with 1 loading dock, steel frame, concrete floor construction. Building 2 “the bunker” is approximately 22,500sf+/- all concrete construction with a loading dock and center of the building has access tile floor for data room. The building is surrounded by an earth embankment on 3 sides. Building 3 was a gym with a indoor pool and has major structural issues. The 3 story office does have roof leaks and mold. Campus went through total renovation back in the 90’s but has been vacant since mid 2000’s. Currently a small portion of the building is being used by the owner.

Located .5 miles from Memphis International Airport. Located on I/22 and 1 mile south of the I/22-I/240 interchange and just over 3 miles to BNSF rail yard. makes this a perfect location with all 3 major transportation modes close by.

Investment Highlights

Former Holiday Inn and FedEx world headquarters location on 33acres. Consist of 3 primary buildings totaling over 301,000sf with 1,100 parking spaces. Building 1 is 279,000sf 3 stories tall, concrete construction. Building 2 is 22,500sf data center. Building 3 is 19,000sf Recreation type. This site has potential for a number of different ideas and is priced well below what it would cost to build a shell of this size.

Sale Date
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Sold Price
******
Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Mortgage Recording Date
******
Mortgage Maturity Date
******
Mortgage Term
******
Document Number
******
Document Type
******
Mortgage Interest Rate
******
Mortgage Lender Name
******
Loan Amount
******
Mortgage Change Index
******
Mortgage Document Date
******
Mortgage Document Number
******
Mortgage Estimated Interest Rate Indicator
******
Resale Flag
******
Mortgage First Change Date Year
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Mortgage Loan Trans Type
******
Seller 1 Name
******
Transfer Tax
******
Mortgage Private Party Lender
******
Sold By
******
Sold To
******

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
TF
Todd Ferguson
•••.•••.3243
todd@••••.net
Brokerage logo
Sold on
 BY:
MF
Mike Ferguson PRO
•••.•••.8185
mike@••••.net
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Memphis, TN median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Memphis, TN (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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