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Investment Highlights
- Prime Location in the middle of Southeast Memphis
- Ample outside storage
- Heavy Power
Executive Summary
Never before on the market, this property is a rare combination of well built, concrete-tilt industrial warehouse and ample, flat outside storage. The total building is 31,720 SF and it sits on 9.76 Acres. There is existing rental income from a longstanding and high credit tenant that occupies 12,800 SF. The remainder of the building has been used by the owner as a storage and distribution headquarters for their electrical contractor business. This property is perfect for a local or regional business who needs outside storage, a versatile industrial building, and who does not mind being a landlord to quality tenant.
The property is already stubbed out for an additional building in the back portion of the property if there is a future need for more space. It comes with a back up generator and a diverse supply of power. The office is in good shape and the building has diverse loading with oversized drive-in doors and multiple dock locations.
The property is already stubbed out for an additional building in the back portion of the property if there is a future need for more space. It comes with a back up generator and a diverse supply of power. The office is in good shape and the building has diverse loading with oversized drive-in doors and multiple dock locations.
Property Facts
Amenities
- 24 Hour Access
- Mezzanine
- Security System
- Signage
- Storage Space
- Air Conditioning
- Breakroom
- Backup Power / Generators
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Unnamed
- Transportation and Warehousing
- 12,800 SF
- -
- Triple Net
- Jun 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Unnamed | Transportation and Warehousing | 12,800 SF | - | Triple Net | Jun 2028 |
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Property Taxes
| Parcel Number | 07-3092-0-0065C | Improvements Assessment | $669,400 |
| Land Assessment | $176,560 | Total Assessment | $845,960 |
Property Taxes
Parcel Number
07-3092-0-0065C
Land Assessment
$176,560
Improvements Assessment
$669,400
Total Assessment
$845,960
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