CBRE, in partnership with Apex Commercial Exchange, is pleased to present an exceptional value-add opportunity to acquire 555 Perkins, a strategically positioned office asset located in the desirable East Memphis submarket of Memphis, Tennessee. This ±58,032 square foot, four-story office building represents a compelling investment opportunity in one of the region's most dynamic markets.

Property Overview: Originally constructed in 1966, rebuilt in 2009, and all office suites were built from shell between 2009 and 2019. 555 Perkins combines modern infrastructure with contemporary finishes across its four-story structure. The property sits on ±0.74 acre with an additional ±0.39 acre outparcel and features ample parking with a total of 205 covered and surface lot spaces, providing excellent tenant convenience and flexibility. Currently operating at 70.11% occupancy as of July 2026, the asset presents meaningful upside potential through lease-up and operational optimization. The building's Class M office designation positions it competitively within the East Memphis market for a diverse tenant base.

Key Investment Attributes: The property's recent renovation ensures modern systems, updated finishes, and reduced capital expenditure requirements for new ownership. The abundant parking ratio of approximately 3.5 spaces per 1,000 rentable square feet significantly exceeds market norms, providing a competitive leasing advantage and strong tenant retention potential. The multi-floor layout offers flexibility for various office configurations, from traditional corporate headquarters to mixed-use professional services, positioning the asset to capture diverse market demand.

Strategic Location & Market Position: 555 Perkins benefits from its prominent East Memphis location, a submarket characterized by strong employment growth, institutional anchors, and robust demographic fundamentals. The property's visibility and accessibility make it an attractive option for quality-conscious tenants seeking modern office space in an established, well-serviced area. This combination of strategic positioning, recent capital improvements, and current occupancy dynamics creates a compelling platform for value creation and strong investor returns.