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- LoopNet Team
1699 Airways Blvd
Memphis, TN 38114
Airways Storage · Specialty Property For Sale
·
146,580 SF
INVESTMENT HIGHLIGHTS
- NEW Reduced Price! - $16,000,000
- 1,185 All Climate-Controlled Units with 80 Outside Parking Spaces
- Ongoing Consistent Occupancy Growth
- Opened August 2023
- Achieved 54% Occupancy (680 Units) in Just Under 24 Months
- Potential for Expansion on 6+ Acre Lot
PROPERTY FACTS
| Property Type | Specialty | Building Size | 146,580 SF |
| Property Subtype | Self-Storage | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1946/2023 |
| Lot Size | 6.00 AC | Parking Ratio | 0.96/1,000 SF |
| Zoning | IH - Heavy Industrial | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 6.00 AC |
| Building Size | 146,580 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2023 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | IH - Heavy Industrial |
AMENITIES
- Signage
- Air Conditioning
- Smoke Detector
ABOUT 1699 AIRWAYS BLVD , MEMPHIS, TN 38114
Airways Storage, conveniently located at 1699 Airways Blvd. in Memphis, TN, opened in late 2023, offering 1,188 state-of-the-art climate-controlled units and 80 secure parking spaces across an expansive 128,510 ± RSF. Situated on a 6+ acre parcel, this premier facility provides a unique opportunity for future expansion, allowing buyers the potential to develop an additional free-standing storage building. 60% physical occupancy in just 24 months! Designed with security and accessibility in mind, Airways Storage boasts a cutting-edge 24-hour monitored security system, a modern office space, and fully secured, gated parking. The facility also features secured drive-through access, enhanced by high-speed digital roll-up doors, along with loading dock access for convenient loading and unloading. A feasibility study has been conducted and is available upon request. Disclosure: This is a Brownfield Site. A "no further action is required" letter has been received and is available for review. Buyers are encouraged to seek the advice of environmental specialists and environmental legal counsel.
PROPERTY TAXES
| Parcel Number | 04-7005-0-0005C | Improvements Assessment | $5,863,200 |
| Land Assessment | $87,280 | Total Assessment | $5,950,480 |
PROPERTY TAXES
