Ridgeway Professional Office | Memphis, TN
Sands Investment Group is Pleased to Exclusively Offer For Sale the 35,508 SF Ridgeway Professional Office Building Opportunity Located at 756 Ridge Lake Blvd in Memphis, TN. This Deal Includes a Value-Add Opportunity Located Within the Heart of Memphis, in a Dense Office/Residential Corridor With a Strong Mix of Internet and Recession Proof Tenants, Providing For a Secured Investment.
- Roughly 98% Occupied Office Building With the Main Tenant Occupying Over 40% of the Building
- Strong Mix of Internet and Recession Proof Tenants
- Below Replacement Cost
- Located in a Dense Office/Residential Corridor
- Tennessee is an Income Tax Free State
- Memphis is the Second Most Populous City in Tennessee With About 654,055 Residents
- Located on Ridge Lake Boulevard Which Sees Over 145,000 Vehicles Per Day
- The Average Household Income Within a 3-Mile Radius is $113,899
- Excellent Demographics With a Population of Over 218,128 Residents Making an Average Household Income of $80,677 Within a 5-Mile Radius
- Nearby Tenants Include: Target, PetSmart, Best Buy, Marriott, Hilton, Embassy Suites, Hampton Inn & Suites, REI, Staybridge Suites, Courtyard by Marriott, Hyatt Place, La Quinta Inn & Suites and Many More
In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Kaveh Ebrahimi Lic. # 344496
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