Value-Add Office Park Investment
5405 Fox Plaza Dr Memphis, TN 38115
5405 Fox Plaza Dr, Memphis, TN, 38115
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For Sale
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Two-property office park in Memphis's active 385 Corridor submarket.
Property Size14,468 SF
Days on Market104
Property Features for 5405 Fox Plaza Dr
General Information
- Standard status
- Active
- Size
- 14,468 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Atlanta Office
(678) 808-2758
Listed by
Curtis Edgar · License #License(s): GA: 438778
(678) 808-2758
Source
Marcusmillichap
Added: Apr 11 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:07AM
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Investment Insights
Based on property information with market context.
Fox Plaza Office Park presents an opportunity to acquire a two-property office park investment in the 385 Corridor submarket of Memphis, Tennessee. The property is positioned as executive suites and leased to a diversified roll of small business owners. The 385 Corridor office market has a 90% occupancy rate. The location is near Memphis International Airport, home to FedEx World Hub, which generates over $10.7 billion in annual economic output and supports more than 67,000 jobs. A $700 million terminal modernization project for the airport is underway by the Turner Joint Venture. Situated minutes from State Route 385, with an AADT of 140,677, the location provides access and infrastructure for firms in supply chain management and logistics. The property offers the opportunity to create value through renovations and lease-up. The property size is 14468 square feet. Current ownership has invested $100,000 for property improvements and is open to staying on board in a management capacity for buyers looking to employ an “Executive Suites Business Model”.
Key Highlights
- Value‑add opportunity through renovations and lease‑up in a high‑demand office market.
- Located in the active 385 Corridor submarket with high traffic (140,677 AADT).
- Proximity to Memphis International Airport and FedEx World Hub, a major economic driver.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geek Jim's Computer ...
Computer & Electronic Repair
Reliable Insourcing Services
Employment Agency
The Wax Lounge & Spa
Spa & Massage Center
Gifted Hands Financial
Financial Advisor
The Report Card Doctor ...
Tutoring Service
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FAQs
What type of property is this?
Office building - Two-property office park in Memphis's active 385 Corridor submarket.
Where is this office building located?
The property is located at 5405 Fox Plaza Dr Memphis, TN.
What are key features of this property?
This property features: Value‑add opportunity through renovations and lease‑up in a high‑demand office market.; Located in the active 385 Corridor submarket with high traffic (140,677 AADT).; Proximity to Memphis International Airport and FedEx World Hub, a major economic driver.