2225 Union Ave
Memphis, TN 38104
Fresenius Medical | Sprint Cell Tower · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Fresenius Medical | Sprint Cell Tower
- Fresenius Has Occipied The Site Since 1998 and Recently Extended for 5 Years
- Cell Tower Was Constructed in 1998 With 2 Years Remaining on Current Option
- Annual Rental Increases: 2.5% Fresenius | 4% Sprint
- New Roof 2020 - 15 Year Warranty
- Over 34,000 Vehicles/Day Along Union Ave/US Hwy64
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
14,924 SF
Building Class
C
Year Built/Renovated
1967/2019
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,924 SF
Building FAR
0.38
Lot Size
0.89 AC
Zoning
CH
Parking
100 Spaces (6.7 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 02-8021-0-0022C | Improvements Assessment | $793,680 |
| Land Assessment | $238,440 | Total Assessment | $1,032,120 |
