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  • 1.09 ACRES
  • - Commercial For Sale

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Description for 7796 Wolf Trail Cv MLS# 10017710

Great investment opportunity. 79% Leased to three AAA credit medical tenants on long term leases. Current cap rate is 7.65% and lease the remaining one vacant space of 2200 square feet for a cap rate of over 10%. Best area of Germantown in the Wolf River Medical Corridor.

General Features

  • Property For
    Sale
  • Listing Type
    Commercial
  • Style
    Commercial
  • Number of Stories
    2
  • Year Built
    2009
  • County
    Shelby
  • Subdivision
    Blair/James Comm Resub Of Lot 2
  • Approx. Lot Size
    171.75 X 277.39
  • Approx. Acreage*
    1.09
  • Price
    $2,600,000
  • MLS #
    10017710

Additional Details

Construction
Brick
Foundation
Slab
Improved Sq Ft
10000
Leaseable Sq Ft
10000
Location
Office Building,Free Standing
Miscellaneous
Security System,Sprinkler System,Elevator(s)
Num Of Buildings
1
Numof Offices
4
Parking Facility
Concrete
Tradeor Business Name
Medical Clinics
Truck Loading Door Height
No Truck Door
Type Usage
Office,Medical
Actual Annual Rent
222564
Annual City Tax
8490
Annual County Tax
19223
Annual Operating Expenses
31200
Percent Occupancy
79
Tenant Pays
All Utilities,Common Area Maintenance,Taxes
Average Ceiling Height
8-10.9 Feet
Floors
Hardwood
Roof
Flat

Lot

Land Sq Ft
47610
Lot Num
2
Road Frontage
City Street
Cooling System
Central Cooling
Heating System
Central,Gas
Hot Water
Gas Hot Water

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Market Research


 

Germantown Commercial Values

Average List Price:
$1,587,000
Average Price per SQFT:
(N/A)
Average Days on Market:
212
Number of Properties for Sale:
162
Vs.

This Property

List Price:
$2,600,000
Approx. Price per SQFT:
N/A
Days on Website:
384(Dec 29, 2017)

Pricing Considerations

List Price:
$2,600,000
Annual City Tax:
8490
Annual County Tax:
19223
Tenant Pays:
AllUtilities,CommonAreaMaintenance,Taxes

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Copyright © 2019 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.