Former FED EX Facility

Office for Sale
Catylist Listing ID: 30276334
Property Subtypes: Business Park, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 313,842 SF
Gross Building Area: See Agent
Sale Price: $3,350,000
Unit Price: $10.67 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

Overview / Comments

Former Fed Ex Commerce Center: Premium Office Park

Former Fed Ex Commerce Center is a Three Building, Premium Controlled-Access Office Park on Canada to Mexico US I-22 (Lamar Ave). With Excellent Positioning near the Memphis International Airport and Fed Ex HUB, the Commerce Center features a 3 story centerpiece office building with finished interiors. It is the former Fed Ex world HQ. A second Campus, Communications/Data Center is built "bunker" style to withstand natural and manmade disasters. The third Campus building is a 19,574 SF former fitness center which should be considered a storage facility at this point. An Excellent LOGISTICS HUB, HQ, TECHNOLOGY, INDUSTRIAL or STORAGE FACILITY RE-DEVELOPMENT OPPORTUNITY!

An OFFERING MEMORANDUM is available upon request.

This operational facility for Fortune 500 Companies was constructed and occupied by Holiday in and subsequently by Fed Ex, which utilized the campus for its global operation command and control center. Fed Ex reportedly spent in excess of $7,000,000.00 on improvements since 1995.

Well positioned on Interstate 22 (Lamar Ave), one mile south of the Insterstate 240 exit, and 1/2 mile east of the Memphis International Airport, this property features a gated, controlled-access location with its own stop light.

Additional Details

Nearest MSA: Memphis
County: Shelby

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,933 88,384 242,432
Median Age: 27.49 32.53 34.17
Households: 3,976 32,740 94,919
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.