Listing Agency: Cushman & Wakefield | Commercial Advisors - Memphis l***@commadv.com Show Phone

Listed By: Landon Williams Show Phone

Source: Moodyscre

Added: Dec 18, 2024 Changed: Jul 10 Last Checked: Aug 21 at 1:51PM

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Investment Insights

Based on property information with market context.

This offering presents a value-add investment opportunity with a two-building Class A office portfolio, totaling 241,225 square feet. Situated within Memphis’ Nonconnah Business Park and located in an opportunity zone, the property benefits from convenient access to various transportation networks, including the city’s inner beltway I-240, I-40, I-55, and I-69. Its location near the Memphis International Airport, the nation’s busiest cargo airport, provides a unique advantage.

Key Highlights

• Class A office portfolio totaling 241,225 SF
• Value‑add investment opportunity
• Located in an opportunity zone

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Kitchen & Bath Showroom Storage Facility Restaurant Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

426

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Memphis, TN

14.6% 2019

15% 2020

16.8% 2021

16.2% 2022

17.3% 2023

16.7% 2024

17.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Two-building office portfolio in Memphis' Nonconnah Business Park.

Where is this office building located?

The property is located at 1810-1840 Pyramid Pl Memphis, TN.

What are key features of this property?

This property features: Class A office portfolio totaling 241,225 SF; Value‑add investment opportunity; Located in an opportunity zone