For Sale
$5,535,000

309 Monroe AveMemphis, TN 38103

Downtown Memphis office, 10-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 22,677 square foot executive office building in downtown Memphis, Tennessee, is offered for sale at $5,535,000. The property, situated on a 1.56-acre lot at 309 Monroe Ave, Memphis, TN 38103, consists of a single building renovated in 2008. Currently 100% occupied by the Social Security Administration (SSA) and Office of Hearings Operations (OHO), the building boasts a new 10-year lease, with the first five years firm and non-cancellable. This lease is backed by the full faith and credit of the U.S. federal government, holding a Moody's Aaa credit rating. Constructed to meet the rigorous design specifications of the General Services Administration (GSA), this Level II security facility is uniquely positioned within a rapidly developing area of downtown Memphis. The building underwent a complete renovation in 2008, a "renovate-to-suit" project that addressed every aspect of the structure. This presents a compelling investment opportunity, anchored by a highly creditworthy tenant in a thriving urban core. The Memphis metropolitan statistical area (MSA) boasts a population exceeding 633,000 residents (per the 2020 Census), further solidifying the property's strong market position.

Highlights

  • New 10-year lease with first five years firm and non-cancellable.
  • Level II security facility built to GSA specifications.
  • Prime downtown Memphis location in a rapidly developing area.
  • Completely renovated in 2008 in a renovate-to-suit project.
  • Memphis MSA population exceeds 633,000 (2020 Census).
  • AAA-rated credit tenant (Social Security Administration).

Property Details for 309 Monroe Ave

Property type
Office properties
Year Renovated
2008
Buildings
1
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1420814
Longitude
-90.046437
309 Monroe Ave, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
309 Monroe Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message