3259 Millbranch Road

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3259 Millbranch Road

Memphis, TN 38116
Asking Price
$2.90M
Cap Rate
6.25%
Asset Type
Flex Industrial
Class
Class B

What's Special

Industrial | 6.25% CAP | 38,868 SqFt <ul><li>​Weighted Average Lease Term (WALT): 6.4 Years</li><li>​In-place rents WELL BELOW market</li><li>​6.25% Cap rate based on a combined NOI between the two buildings of $181,140 (rent starting on June 1, 2026).</li><li>​Sale Price: $2,898,240</li><li>​Well below replacement cost</li><li>​1% Annual rental escalations</li><li>​Memphis lease expires May 31, 2033</li><li>​Chattanooga lease expires May 31, 2031</li></ul>

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,338.91
Annual Cash Flow
$-92,066.922

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