Listing Agency: CBRE - Memphis j***@cbre.com Show Phone

Listed By: Jim Mercer · License #309706 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 26 Last Checked: Aug 29 at 5:58AM

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Investment Insights

Based on property information with market context.

This commercial real estate offers 160,000 square feet of warehouse space. The property is located at 5750 Challenge Drive, Memphis, TN, 38115 and is suitable for warehouse and industrial use.

Key Highlights

• 160,000 sq ft warehouse space

Property Analytics

Property Profile

Current Use

DunAn Precision Manufacturing Industrial Manufacturer Coworx Staffing Services Telecommunications Service

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

358

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 38115, TN

40,076

Population

19,179

Households

2.1

Avg Household Size

30

Median Age

14%

College-Educated

87%

High-School Grad

8.6 sq mi

ZIP Area

4,660

Density / Sq Mi

$42,931

Median Household Income

$32,997

Median Earnings

$1,129

Median Rent

$129,700

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$10.64 /SF/Yr

Avg Asking Price

$7.5–$12 /SF/Yr

Price Range

72,822 SF

Avg Space Size

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 160,000 sq ft warehouse space for lease.

Where is this warehouse located?

The property is located at 5750 Challenge Drive Memphis, TN.

What are key features of this property?

This property features: 160,000 sq ft warehouse space