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668 Colonial Rd 5,958 SF 100% Leased Office Building Memphis, TN 38117 $1,535,512 CAD ($257.72 CAD/SF) 8.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Established leases in place with healthy returns from day one
- Professionally maintained asset with minimal day-to-day oversight required
- East Memphis continues to see strong demand for office and commercial space due to its central location, professional demographics, and access t
- Multi-tenant structure reduces vacancy risk and increases long-term financial resilience
- Future upside through rent escalations, lease renewals, or targeted property enhancements
EXECUTIVE SUMMARY
Colliers is pleased to bring to market 668 Colonial Road, Memphis, TN 38117, a 5,958 sf single story office building. Positioned in the heart of East Memphis, 668 Colonial Road is fully leased, with three-tenants offering a turn key investment with stable income, minimal management needs, and long-term upside.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
5,958 SF
Building Class
C
Year Built
1985
Price
$1,535,512 CAD
Price Per SF
$257.72 CAD
Cap Rate
8.77%
NOI
$134,664 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,958 SF
Building FAR
0.26
Lot Size
0.53 AC
Zoning
OG - Commercial
Parking
10 Spaces (1.68 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 06-5037-0-0022 | Improvements Assessment | $254,720 CAD |
| Land Assessment | $119,802 CAD | Total Assessment | $374,523 CAD |
PROPERTY TAXES
Parcel Number
06-5037-0-0022
Land Assessment
$119,802 CAD
Improvements Assessment
$254,720 CAD
Total Assessment
$374,523 CAD
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668 Colonial Rd
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