5405 Fox Plaza Dr Memphis, TN 38115

Building Details

Year Built

1985

Listing agency Atlanta Office c***@marcusmillichap.com Show Phone

Listed by Curtis Edgar · License #License(s): GA: 438778 Show Phone

Source Marcusmillichap

Added: Apr 11 Updated: Jul 10 at 1:16PM Checked: Jul 23 at 2:34AM

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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.

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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.