Listed by NAI Saig Company
$5,850,000
9525 Macon
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 66,175
Net Rentable (SqFt) 66,175
Units 3
Cap Rate 8.19%
NOI $479,215
Occupancy 100%
Tenancy Single
Brand/Tenant Memphis Training and Fitness, Spirit Technique
Rent Bumps Yes
Price per SqFt $88
Class B
Buildings 2
Stories 1
Acreage 7.550
Zoning Heavy Industrial
Investment Type Stabilized
Ceiling Height 19'-23'
Multi Tenant Investment Opportunity in Cordova, TN
Marketing description
NAI Saig presents an exceptional industrial investment opportunity at 9525 Macon Road in Cordova, TN. Situated on 7.55 acres across two parcels, this 66,175-square-foot, fully climate-controlled facility is zoned I-H (Heavy Industrial) and offers 19'-23' clear heights with durable steel-frame construction. The property is 100% occupied with annual rent increases in place, delivering reliable income and a strong 8.19% Year 1 CAP Rate. With an asking price of $5,850,000 this asset stands out as a compelling option in one of the Memphis area's most desirable industrial submarkets.
Investment highlights
- Total Square Footage: 66,175 SF
- Land: 7.55 AC (2 Parcels)
- Zoning: I-H (Heavy Industrial)
- Clear Height: 19'-23'
- HVAC: 100% Climate Controlled
- Construction: Steel Frame
- Occupancy: 100% Occupied with annual rent increases
- CAP rate: 8.19% Year 1
- Asking Price: $5,850,000
Listing Contacts
Listed by NAI Saig Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$479,214.96
$39,934.58/mo
Valuation Metrics
0
DSCR
8.19%
Cap Rate
8.19%
ROI
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