Property Listing No Longer Available for Sale

3760 Lamar Avenue, Memphis, TN

Office for Sale - 313,843 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#746565
Location
  3760 Lamar Avenue
  Memphis TN 38118
UpdatedDecember 19th, 2014
TypeOffice
PriceUpon Request
Building313,843 Sq. Ft.
Land49299.44 acres

Property Description

The building frame is steel with columns laid out on an approximately 22' by 22' grid. Floor construction consists of reinforced concrete poured over metal decking. The metal roof is supported by open web bar joists. The Data Center is a cast-in place reinforced concrete structure. The exterior walls on three (3) sides are covered with bermed earth and these walls act as retaining walls. In addition, there are interior steel columns and open web bar joists which support the concrete roof system. The Fitness Center has been constructed in several phases with a combination of steel framing, wood framing and load bearing masonry.

Location Description:

This 34 +/- acre self-contained Office Campus is locally known as Commerce Center and is well positioned one mile south of Interstate 240 and 1/2 mile east of the Memphis International Airport. Commerce Center consists of three (3) primary buildings totaling approximately 313,843 sq. ft., 1100 parking spaces and excess ground for expansion. As a controlled access facility it is all surrounded by an 8' security fence, with posted security office.

The campus centerpiece is a 3 story central office building with 271,730 sq. ft. of "B" class office space which features an impressive entrance through a large rotunda containing the reception area, main lobby and several guest/vendor conference rooms. Detailed finishes include marble flooring, an open and inviting design along with a reflective metal ceiling panels.

The second campus building is a single story 22,539 sq. ft. communications/data center which houses a variety of electronic equipment. This center is "bunker" style and designed to withstand a multitude of natural and man made disasters.

The third campus building is a 19,574 sq. ft. fitness center which contains exercise rooms, three (3) racquetball courts, and a swimming pool, indoor spa, whirlpool, steam, sauna - plus 4 outdoor lighted tennis courts, rubberized asphalt running track, volleyball courts, and shaded picnic area with barbeque pits.

This operation facility for a Fortune 500 Company was constructed and aoccupied by Holiday Inn and sebsequently by FedEx which utilized the campus for its global operation command and control center. FedEx reportedly spent in excess of $7,000,000 on improvements since 1995. They moved out in 2004 when they built their new campus.

Highlights:

>> 271,730 sf Office; + 22,359 sf Data; + 19,574 sf Fitness

>> 33 Secure Acres of Land (asphalt parking for 1,100 cars)

>> Former Fed Ex Global Command and Control Center

>> VACANT, RENT READY and an EXCEPTIONAL VALUE PER SQUARE FOOT

>> Starting Bid: $2,500,000 ($7.97/SF)

>> For more info www.svn-bid2win.com

>> http://www.memphisdailynews.com/news/2014/nov/11/former-home-of-holiday-inn-and-fedex-being-auctioned/

* Email for additional photos


Financials

Sales Info:

>> Commision split: 50.0%