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

Listed By: Patrick Walton · License #309706 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 19 Last Checked: Aug 23 at 12:30PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Memphis

Investment Insights

Based on property information with market context.

This industrial property, located in Memphis, Tennessee, offers 110,480 square feet of space. The property is suitable for industrial and commercial real estate purposes.

Key Highlights

• Industrial property available for lease.
• Located in Memphis, Tennessee.

Property Analytics

Property Profile

Current Use

Synergy ReCommerce Marketing & Advertising Synergy Global Ventures Warehouse & Storage Nobody Lower Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Garden Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Law Firm

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

771

Businesses Nearby

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

$10.84 /SF/Yr

Avg Asking Price

$7.5–$13.93 /SF/Yr

Price Range

67,290 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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Ask Rey about this property ...

Similar For Rent Nearby

Office-Warehouse Flex Space

3770 Cherry Rd, Memphis, TN 38118

$8,640/Mo

8,640 sqft

View details

Medical Office Property at Intersection

8071 Winchester Rd, Memphis, TN 38125

$4,810/Mo

4,810 sqft

View details

Hospital-Adjacent Medical Office Building

3950 New Covington Pike, Memphis, TN 38128

$750/Mo

12,800 sqft

View details

Office Space for Lease

5796 Shelby Oaks, Memphis, TN 38134

$12 SF/Yr

6,245 sqft

View details

Medical Office Space with Skybridge

1211 Union Ave, Memphis, TN 38104

$2,179/Mo

2,179 sqft

View details

Medical Office Building Suites

1264 Wesley Dr, Memphis, TN 38116

$1,347/Mo

1,574 sqft

View details

Prime Frontage Retail Space

2235 Whitten Road, Memphis, TN 38133

$20 SF/Yr

1,300 sqft

View details

Distribution Office Showroom Flex Space

1650 N Shelby Oaks Dr, Memphis, TN 38134

$9,375/Mo

9,375 sqft

View details

Office Condo Suites C8 and C9

109 N Main St, Memphis, TN 38103

$17 SF/Yr

7,774 sqft

View details

Fenced Flex Space with Warehouse

1588 Ragan St, Memphis, TN 38106

$8,000/Mo

8,000 sqft

View details

Office Space with Contractor-Friendly Site

1706 Bartlett Rd, Memphis, TN 38134

$2,460/Mo

2,460 sqft

View details

Industrial Park Warehouse Space

7850 Stage Hills Blvd, Memphis, TN 38133

$2,850/Mo

2,850 sqft

View details

Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for lease in Memphis, Tennessee.

Where is this industrial property located?

The property is located at 3850 Air Park Street Memphis, TN.

What are key features of this property?

This property features: Industrial property available for lease.; Located in Memphis, Tennessee.