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Drapac Capital Partners Acquires Mixed Use Property In Memphis, TN For $2.5M

Property Image
SOLD
$2,500,000

Tennessee

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Mixed-use22,922 SF
Sold 10/04/2022
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Property Image
SOLD

Drapac Capital Partners Acquires Mixed Use Property In Memphis, TN For $2.5M

44 South Front Street, Memphis, Tennessee 38103, United States

See Similar Deals
Mixed-use22,922 SF
Sold 10/04/2022
the dealplayerscompscontact
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Summary

TENNESSEE
Asset Type:Mixed-use
Price Per Square Foot:$109
Total Square Footage:22,922 SF
Transaction Type:Sale

Located at 44 S Front St in Memphis, TN, this mixed-use property was recently sold in a transaction that took place on October 4, 2022. The property has a total area of 22,922 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $109.

Summary of transaction details

  • Property Type: Mixed Use
  • Sale Price: $2,500,000
  • Address: 44 S Front St, Memphis, TN
  • Market: Memphis, TN
  • Buyer: Drapac Capital Partners
  • Broker: Austin Ehrat - Newmark

Drapac Capital Partners, represented by their broker Austin Ehrat from Newmark, acquired this mixed-use property in Memphis, TN. The transaction, which closed on October 4, 2022, involved a sale price of $2,500,000, with the property consisting of 22,922 square feet. With a price per square foot of $109, this purchase marks a significant investment for Drapac Capital Partners in the Memphis market.

Players

Austin Ehrat
Newmark
Austin Ehrat
1 deal$2.5M volume
BROKER
DP
Drapac Capital Partners
BUYER

Details

SOLD
IMAGE: 10/04/2022 ADDRESS: 44 S Front St MARKET: Memphis, TN ASSET TYPE: Mixed Use BUYER: Drapac Capital Partners BROKER: Austin Ehrat - Newmark SALE PRICE: $2,500,000 SF: 22,922 ~ PPSF: $109

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