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3742 Tyndale DrMemphis, TN 38125
3742 Tyndale Drive
Asset ClassOffice
Square Feet: 74,864Land: 7.73 Acres% Leased: 51%Access Data Room
overview of deal

Overview

3742 Tyndale Drive is a two-story office building that is anchored by FedEx occupying 51% of the rentable area on the second floor. The entire first floor is available for an investor to add value or a user to occupy. The building was built in 2003 and sits on 7.73 acres boasting over 300 parking spaces and a back-up generator.

 

The property is well-located near the affluent suburbs of Collierville and Germantown, TN, which is just west of downtown Memphis, off highway I-385 with quick access to Memphis International Airport. The location provides access to all major highways and the Mississippi state line. With its close proximity to the FedEx World Headquarters and other major businesses, this will make for a great opportunity for a future owner occupant or investor.

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Investment Highlights

  • FedEx occupies 51% of the building providing good credit tenant
  • 1st floor available for owner-user
  • Back up generator
  • 7.73 acre site
  • 300 parking spaces
  • Located numerous amenities, east of Memphis International Airport

Investment Overview

Sale Details
Asking Price
$5,500,000 ($73.47 PSF)
Building Size
74,864 SF
Taxes (2024)
$137,771.44 ($1.84 PSF)
OPEX (JUL’23-JUN’24)
$294,776 ($3.94 PSF)
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3742 Tyndale DrMemphis, TN 38125

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Listing provided by Revere CRE