The seller has accepted an early offer to purchase and this building under contract! If the property does not close, we will re-open the auction.
Information
- Right off of Germantown Road
- Near interstate 40
- Backs up to Trinity Commons
Large office building in Cordova, TN offers a business or investor complete versatility and flexibility with many room and space configurations with water availability in many rooms. Building has a lot of natural light and most rooms have windows. Open to any and all business or occupancy types. Ready for immediate occupancy. Three-story stucco building – 6,900 square feet* third floor square footage not included
Built in 1984
One owner for past 21 years
4 HVAC units – two for second floor, two for first floor, all separate thermostats
4 water heaters, including two very large
Carpets cleaned December 2020
Located on a quiet, small street off of Germantown Parkway
Backs up to Trinity Commons
Private parking with 20-25 spaces. Asphalt surface
Updated security lights around all faces of the building in February 2020
Two lighted signs for a business (would need updated to new business name)
Current on all property taxes
Land – 20,299 square foot
Acre - 0.466
First Floor
Flooring – 50% tile, 50% commercial grade vinyl
2 bathrooms
13 offices/rooms
1 room is a whirlpool tub room
4 offices have water and vanity sinks already installed
1 office has two pedicure tubs and a pedestal sink
1 office is plumbed for water with no sink
1 room has a ceiling fan
2 rooms have exterior access doors
Break room with closet and attached utility room with a mop sink
Large entry foyer with grand staircase
One additional area for lobby or sitting area
Dual access stairways from first floor, both carpeted and can be secured to prevent access between floors
Entrances – total of 6 (1 front door, 3 back doors, 2 side doors)
3 storage closets
Second floor:
Flooring – 70% carpet, 30% commercial grade vinyl
3 bathrooms (one with a shower)
7 offices/rooms
One office is an executive suite with a wet bar, fireplace and full bath
Three offices have water and vanity sinks already installed
6 offices have ceiling fans
Large conference room off of a break room area (vent and electrical available for a stove)
Additional alcove for a break room table or storage
Sitting area at top of stairs can be a waiting area
Dual access stairways from first floor, both carpeted and can be secured to prevent access between floors
One exterior, rear stairway to ground, from central breakroom area
2 storage closets, one for cable/phone lines
Third floor
Flooring – 100% sub floor
Stairwell is insulated and sheetrock ready
Ample storage areas
One finished room (with a closet and built in shelves) has carpet, HVAC and electrical
One additional closet in a separate area
-Property Sells in 'AS IS' Condition. Buyers are encouraged to inspect to your satisfaction prior to bidding.
-A 10% Buyers Premium will be added to the last bid to determine the contract price.
-Successful Buyer will sign a contract for sale and deposit $25,000 in Escrow to be applied toward purchase price at closing.
-Closing will take place within 30 days of signed contract unless otherwise specified.
-All inspections are to be made by buyer prior to auction close. Property is not being sold subject to inspections, appraisal, loan approval, survey, or other contingencies not listed in purchase contract. Seller is not responsible for any of buyer's loan or closing costs.
-Seller may consider Offers made prior to auction close.
-Contact Eric Walker, Walker Auctions, at 901.491.0793 or [email protected], Lance Walker, Walker Auctions at 901.322.2139 or [email protected], or Conner Walker, Cushman Wakefield Commercial Advisors, at 901.413.9739 or [email protected] with any questions.