For Sale
$650,000

3015 Greystone SqJackson, TN 38305

Class A Office Building, 9.08% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A office complex, located at 3015-3019 Greystone Square in Jackson, Tennessee, presents a compelling investment opportunity. The property encompasses 4,032 square feet across three units within a single, one-story building constructed in 2009. Currently boasting 100% occupancy with a national tenant under a triple net (NNN) lease, the property generates a substantial net operating income (NOI) of $59,000 annually, projecting a 9.08% cap rate. The lease has one year remaining with options for renewal. This presents a unique opportunity for an owner-occupant upon lease expiration. Situated on a 0.09-acre lot in a commercially zoned area (Madison County, zip code 38305), this property offers versatility as an investment or owner-occupied space. The building's features include executive, medical, and traditional office space configurations, making it suitable for a variety of uses. Serious inquiries only

Highlights

  • Class A office building; investment or owner-user opportunity.
  • National tenant with one-year lease remaining, plus options.
  • Office investment with national tenant; projected 2023 net income: $59,000.
  • Projected 9% cap rate.
  • Occupied; appointments require pre-approval letter.

Property Details for 3015 Greystone Sq

Property type
Office properties, Medical offices
Square Feet
4,032 SF
Class
A
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
3,920 SF
Units
3

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.6866512
Longitude
-88.8279285
3015 Greystone Sq, Jackson, Tennessee

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3015 Greystone Sq
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