Crane Co. Building of Memphis 254 Court Ave Bureau 4 992 m² 85 % Loué À vendre Memphis, TN 38103 2 712 339 € (543,31 €/m²) Taux de capitalisation 10,50 %

The Crane Co. Building of Memphis, located at 254 Court Avenue, presents a rare opportunity to acquire a 53,800-square-foot fully renovated Class A office asset in the heart of Downtown Memphis. Currently 85% leased to a strong mix of legal and tech tenants, this historic high-rise offers a blend of executive, flex, and luxury offices from 100 to 1,200 square feet, as well as tech-style suites up to 2,500 square feet. The versatile office layouts and high-end finishes position the property to capitalize on future lease-up potential.

Designed with hospitality and productivity in mind, the property features custom-built workstations, natural-light-filled offices, and glass-partitioned collaborative layouts. On-site amenities include private catering services, zero-trust security with 24/7 key-card access, HD surveillance, and private gated surface parking. With a strong rental history and financing available, this is a premier value-add investment opportunity in a thriving downtown market.

254 Court Avenue meets current building and fire codes and is ADA compliant. Infrastructure upgrades include fire sprinkler coverage, fire detection and alarm monitoring, and comprehensive security alarm coverage. The Crane Co. Building of Memphis features Cat 5 wiring, building-wide Wi-Fi, and dual fiber service, offering seamless connectivity. In 2023, a new HVAC central controller system and individual unit controls were installed, enhancing energy efficiency. The offering includes an adjacent private gated parking lot with 43 spaces.

Strategically located in the legal and civic core of Downtown Memphis, the property offers exceptional access to major interstates, including Interstates 40, 55, and the 240 Loop, just minutes away via Danny Thomas Boulevard. Walkable to the Shelby County Courthouse, Memphis Justice Center, and St. Jude, the building also sits near major attractions like AutoZone Park, FedEx Forum, the YMCA, and a wide range of restaurants and coffee shops. This central downtown location is surrounded by key institutions, a growing talent base, and ongoing urban revitalization efforts.

With its strong occupancy, modern amenities, and premium location, the Crane Co. Building of Memphis stands as a rare investment asset in one of the city's most dynamic professional corridors.