Commercial Property Deal Analysis - Off Market

[Brendan Sullivan]

Hi Folks, 

I am a landlord and full time real estate flipper in Florida, but I primarily deal in SFH / Residential. I am looking to get into the Memphis commercial RE market due to the fact that local commercial RE is so expensive and lending can be tough here in FL. I'm currently analyzing an off market deal off American Way close to Parkway Village. I was hoping to run it by a local expert to get their thoughts. My initial thoughts on it are a BRRR or short term hold and flip, but need some advice from locals. Let me know if anyone can point me in the right direction! Who's the local Memphis commercial expert?

Asking 380K - 9,800 sqft. Currently leased month to month for 5K. 

Thanks! 

Please PM me or drop thoughts in the comments.