Investment Overview

Marcus and Millichap is pleased to exclusively offer to qualified investors the opportunity to acquire Fox Plaza Office Park (the “Property” or “Asset”), a two-property value-add office park investment located in the active 385 Corridor submarket of Memphis, Tennessee. The 385 Corridor is ideally positioned near Memphis International Airport, home to FedEx World Hub, generating +$10.7 billion in annual economic output, and supporting more than 67,000 jobs. The Turner Joint Venture is currently leading the completion of a $700 million terminal modernization project for the airport. Fox Plaza is minutes away from State Route 385, an active corridor with 140,677 AADT providing easy access and infrastructure for firms based in supply chain management and logistics. The Property is positioned as executive suites and leased to a diversified roll of small business owners. The 385 Corridor office market boasts a 90% occupancy rate, with limited to no new construction across the Memphis Trade Area. Current ownership has invested $100,000 for property improvements, and is open to staying on board in a management capacity for buyers looking to employ an “Executive Suites Business Model”. Fox Plaza provides investors with the opportunity to create significant and immediate value via renovations and lease-up, as well as a seamless transition by partnering with current management.