Northeast Memphis Warehouse Complex

Industrial for Sale
Catylist Listing ID: 30100772
Property Subtypes: Manufacturing, Light Industrial, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 83,820 SF
Gross Building Area: See Agent
Sale Price: $2,700,000
Unit Price: $32.21 PSF
Office SF: 7,506 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2017

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present this sprawling warehouse complex located in northeast Memphis, Tennessee. The offering includes 4 parcels and over 25 acres +/- of land. The main warehouse facility was designed as a wholesale indoor marketplace open to the public. Includes approximately 7,500 square feet of centralized office space with open conference areas, 12 private offices, reception and break room. The facility is well insulated and includes heavy duty 3 phase 480 v power with a combination of grade-level and dock-high loading. Outside and to the rear of the primary warehouse facility are two detached dry storage facilities. The site includes a large section of compacted gravel in the rear, ideal for equipment storage and material staging. Upside potential may be realized by developing the two out parcels with direct frontage on HWY 64.

Additional Details

Nearest MSA: Memphis
County: Fayette
Zoning: PD
Highway Access: US HWY 64, I-385/269, I-40
Site Description: 4 Parcels
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 1995
Roof Type: Hip
Construction/Siding: Aluminum Siding
Parking Type: Surface
Total Parking Spaces: 420
Sprinklers: Wet
X-Phase: 3
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Radiant
Air Conditioning: Engineered System, Package Unit
Lighting: Fluorescent, Metal Halide
Part of Planned Development?: Yes

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,857 35,991
Median Age: 32.9 35.17
Households: 4,798 13,464
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