Flex Space with Warehouse
For Lease
Contact for pricing
5624 FEDERAL AVE, Memphis, TN 38118
Warehouse and office configuration accommodates storage, service, distribution, and light manufacturing uses.
Space Size6,000 SF
Days on Market13
Property Features for 5624 FEDERAL AVE
General Information
Standard status
Active
Size
6,000 SF
Net Rentable
6,000 SF
Property subtype
Office, Industrial
Lease Type
Modified Gross
Space & Availability
Available Space
6,000 SF
Contiguous Space
6,000 SF
Space Use
Warehouse
Lease Terms
Lease Rate
$5,000 /USD/MO
Total Rate
$5,000
Monthly Rent
$5,000
Rent per SF/Year
$10
Additional Details
Warehouse Space
4,000 SF
Building Details
Building Size
6,000 SF
Year Built
2000
Tenancy
Single
Spaces For Lease
at 5624 FEDERAL AVE Contact us- Size
- 6,000 SF
- Type
- Industrial, Office
- Lease Type
- Modified Gross
- Availability
- Active
Space 1
Listing Agency:
Crye-Leike Germantown - Forest Hill Irene
Listed By:
James Underwood · License #00296115
Source:
Crexi
Added: Aug 20
Changed: Aug 31
Last Checked: Sep 1 at 9:37AM
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 Crye-Leike Germantown - Forest Hill Irene
Investment Insights
Based on property information with market context.
Built in 2000, this flex property combines office space with a 6,000-square-foot warehouse-oriented layout. Approximately 4,000 square feet is configured as warehouse area with high ceilings and two bay doors, while the balance provides office space. On-site parking is also available.
The property is located at 5624 Federal Ave in Memphis, near major roads and neighboring paint, HVAC, and automotive businesses. Carrier is next door. The modified gross lease structure requires the tenant to pay taxes, MLGW, and yard expenses.
The property is located at 5624 Federal Ave in Memphis, near major roads and neighboring paint, HVAC, and automotive businesses. Carrier is next door. The modified gross lease structure requires the tenant to pay taxes, MLGW, and yard expenses.
Key Highlights
- 6,000 SF flex property with warehouse and office space
- Approximately 4,000 SF of warehouse area
- High ceilings and 2 bay doors
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Well-served
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
$10.49 /SF/Yr
Avg Asking Price
$7.5–$13.93 /SF/Yr
Price Range
19,543 SF
Avg Space Size
This space is priced 5% below the average of $10.49 /SF/Yr.
Vacancy Rate% for Office in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration accommodates storage, service, distribution, and light manufacturing uses.
Where is this flex space located?
The property is located at 5624 FEDERAL AVE Memphis, TN.
What are key features of this property?
This property features: 6,000 SF flex property with warehouse and office space; Approximately 4,000 SF of warehouse area; High ceilings and 2 bay doors
