$3,700,000 USD
844-474-4666
1684 Florida St
Memphis, TN 38109
South Memphis
HIGHLIGHTS
- Value-Add Opportunity: This Property Consists of Over 22 Acres of IOS Space Within the Memphis, TN Market
- The Current Tenant Occupies Only 9 Acres, Leaving Massive Upside on the Remaining 13 Acres For an Investor
- Desirable IOS Asset Class - The Excess Yard Space at This Location Allows For Significant Industrial Outdoor Storage (IOS)
- Long Term Commitment - USA Storage Yards Chose This Location Over Others in the Market and Signed a 10-Year Lease With Multiple 5 Year Renewal Options
- Property is Located in the Memphis MSA With Great Access to Major Highways 55, 61 and 69
- 473,712 Residents Live Within a 10-Mile Radius Making an Average Household Income of $64,735
FOR SALE DETAILS
PRICE
$3,700,000 USD
PRICE/SF
$578 USD /SF
CAP RATE
5.9%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Industrial Outdoor Storage
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1969
UTILITIES
Lighting, Gas, Water, Sewer, Heating
CLEAR CEILING HT
50 Ft
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
22.56
LAND SF
982,637
ZONING
EMP
APN/PARCEL ID
03-5083-0-0035C,05-0054-0-0001C
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844-474-4666
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844-474-4666
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