2714 Union Avenue Ext, Unit Extended Memphis, TN 38112
Long-term tenants provide stable income in central location.
Source:
Naiglobal
Listing Agent: Hank Martin, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Memphis Office Building
The property is an office building fully leased primarily by multiple divisions of the City of Memphis. Most tenants have occupied the building for over 10 years. This long-standing relationship with a variety of city departments provides significantly reduced risk of lease rollover or cash flow interruption. The diverse but relatively small tenant mix allows for more manageable renewals, and the tenants’ long tenure suggests potential likelihood of renewal without extensive negotiation. This presents a valuable upside for a new owner, offering both dependable income and the opportunity to enhance value through strategic lease adjustments over time. The property offers central access between the Midtown and East Memphis office submarkets.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.974253
- Latitude
- 35.136324
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Long-term tenants provide stable income in central location.
Where is this office building located?
The property is located at 2714 Union Avenue Ext, Unit Extended Memphis, TN.
What are key features of this property?
This property features: - Fully leased property with **long-term tenants, primarily City of Memphis divisions**.; - Reduced risk of lease rollover and cash flow interruption due to tenant stability.; - Manageable renewals due to a diverse, relatively small tenant mix.
