Thursday, April 05, 2007

Trinity Ridge Business Center - Memphis, Tennessee

Minimum Investments Starting At $325,000.00

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  • Property Name: Trinity Ridge Business Center
  • Rentable SqFt: ± 234,322.00
  • Purchase Price: $27,670,000.00
  • Price per SqFt: $118.09 /sqft
  • Loan Amount: $17,036,250.00
  • Equity: $10,633,750.00
  • Loan-to-Value: 61.57%
  • Percent Occupied: 96.50%
  • Type: Office/Flex

Property Description:
Trinity Ridge Business Center is a multi-tenant, flex portfolio located off of Trinity Road in the eastern portion of Memphis. The buildings, constructed from 1999 to 2006, consist of eight concrete and glass buildings containing approximately 234,322 square feet and residing on approximately 22.10 acres. The Property is located adjacent to Shelby Farms, which is a 4,500 acre county owned park.

The success of Trinity Ridge is attributed primarily to its location and its geographic isolation to its competitors. The buildings are in excellent condition and are highly visible and easily accessible. Currently, Trinity Road is a dead end road, but the City of Cordova is planning to extend Trinity Road through Shelby Farms making it a busier major thoroughfare. Trinity Ridge Business Center has eight different entrance/exit points, with generous parking space to service both employees and customers

Top Tenants by Total Rent:
Trinity Ridge Business Center is a multi-tenant, flex portfolio located off of Trinity Road in the eastern portion of Memphis. The buildings, constructed from 1999 to 2006, consist of eight concrete and glass buildings containing approximately 234,322 square feet and residing on approximately 22.10 acres. The Property is located adjacent to Shelby Farms, which is a 4,500 acre county owned park.

Please contact me for a full marketing brochure and further information regarding this investment.

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