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

Listed By: Patrick Walton · License #309706 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 25 Last Checked: Aug 30 at 1:45PM

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Investment Insights

Based on property information with market context.

This commercial real estate property offers 179,585 square feet of warehouse space. Located in Memphis, Tennessee, the property is suitable for warehouse and industrial use.

Key Highlights

• Large warehouse space available for lease.
• Located in Memphis, Tennessee.

Property Analytics

Property Profile

Current Use

Dayco Incorporated Auto Parts Store Dayco Corporate Office

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Hair Salon Nail Salon

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

220

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 38118, TN

39,627

Population

16,317

Households

2.4

Avg Household Size

32

Median Age

12%

College-Educated

79%

High-School Grad

30.5 sq mi

ZIP Area

1,299

Density / Sq Mi

$42,464

Median Household Income

$30,431

Median Earnings

$1,105

Median Rent

$95,700

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 - Large warehouse space available for lease in Memphis, Tennessee.

Where is this warehouse located?

The property is located at 3530 East Raines Road Memphis, TN.

What are key features of this property?

This property features: Large warehouse space available for lease.; Located in Memphis, Tennessee.