Freestanding Industrial On 6 Acres

Industrial for Sale
Catylist Listing ID: 30269580
Property Subtypes: Free-Standing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 19,800 SF
Gross Building Area: See Agent
Gross Land Area: 6.18 Acres
Sale Price: $610,000
Unit Price: $30.81 PSF
Ceiling: 22 ft. Clear
Docks/Doors: 6 Docks, 1 Door
Property Use Type: Investment
Usable Size (USF): 19,800 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/6/2018

Overview / Comments

Large warehouse with office situated on 6 acres of land on Old Lamar. Property is zoned EMP, allowing for a wide variety of use!

Current Tenants

Tenant Business Name Southeast Service Transport Inc.
Contact Name Brent Kyle
Industry Type Transportation and Warehousing
Is Renting? Yes
SF of Space Occupied 19,800 SF
Current Rent $5,500 PSF (Annual)
Escalations $6,500 - 1/1/19 thru 12/31/19 $7,300 - 1/1/20 thru 12/31/20

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 073039 00010
Zoning: EMP
Property Located Between: Old Lamar @ Cherry
Airports: MIA
Site Description: 6 dock doors • One 14' x 14' grade level door 20' on the eve and 24' clear in the middle Trailer parking for over 100 trailers
Area Description: Industrial
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 19,800 SF
Property Condition: Good
Year Built: 1999
Construction/Siding: Metal Siding
Parking Type: Surface
Column Spacing: No Columns
Amps: 400
Interior Description: No interior columns - wide open warehouse space. 2,000 SF office
Zoning Description: The Employment (EMP) zone allows for office, light manufacturing, warehousing and other commercial uses. Warehouse Distribution (WD) zones are intended to accommodate office/warehouse/distribution uses. These zones are typically around rail yards. The Intermodal Facility off Lamar is a good example of a WD zone. Industrial Heavy (IH) districts accommodate high-impact manufacturing and industrial uses, including ground extraction and waste related uses.
Lot Frontage: 290
Lot Depth: 644
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel ID: 073039 00010 Municipal Jurisdiction: MEMPHIS Neighborhood Number: 00914A57 Acres: 6.1820 Lot Dimensions: 290 X 644 IRR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,454 66,259 231,117
Median Age: 25.86 29.76 33.59
Households: 1,818 22,575 87,746


Photograph of Listing Agent

Jeff Waddell

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