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Office

Jere E. Cooper Federal Building

309 N Church Ave, Dyersburg, TN 38024

Listing Price: $3,015,602

Cap Rate
8.35%
Rentable SF
33,318
Lot Size
2.00 acres
Year Built
1965

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Jere E. Cooper Federal Building, prominently situated at 309 North Church Avenue in Dyersburg, Tennessee. It offers a substantial rental space of 33,318 sq. ft. and boasts a commendable occupancy rate of 94.3%. This property stands out due to its anchoring by three esteemed GSA tenants: the United States Postal Service (USPS), the Office of Hearings and Appeals (OHA) under the Social Security Administration, and U.S. Fish and Wildlife. The property is listed at $3,147,534, reflecting an 8% capitalization rate.

Investment Highlights

  • Roof was Replaced in 2019 New Chiller was installed in 2016 Automated Controls for Heat and A/C installed in 2019
  • The City of Dyersburg has been ranked among the top-10 micropolitan cities in the U.S. Dyersburg, Tennessee is strategically connected by major throughfares U.S. Route-51 and Interstate-155
  • Dyersburg is a County Seat and regional hub for TN, AR, and MO tri-state region | 79 miles northeast of Memphis

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Office

Jere E. Cooper Federal Building

Listing Price: $3,015,602

Cap Rate
8.35%
Rentable SF
33,318
Lot Size
2.00 acres
Year Built
1965

Investment Highlights

  • Roof was Replaced in 2019 New Chiller was installed in 2016 Automated Controls for Heat and A/C installed in 2019
  • The City of Dyersburg has been ranked among the top-10 micropolitan cities in the U.S. Dyersburg, Tennessee is strategically connected by major throughfares U.S. Route-51 and Interstate-155
  • Dyersburg is a County Seat and regional hub for TN, AR, and MO tri-state region | 79 miles northeast of Memphis

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Jere E. Cooper Federal Building, prominently situated at 309 North Church Avenue in Dyersburg, Tennessee. It offers a substantial rental space of 33,318 sq. ft. and boasts a commendable occupancy rate of 94.3%. This property stands out due to its anchoring by three esteemed GSA tenants: the United States Postal Service (USPS), the Office of Hearings and Appeals (OHA) under the Social Security Administration, and U.S. Fish and Wildlife. The property is listed at $3,147,534, reflecting an 8% capitalization rate.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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