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1 Delfield Dr

186,240 SF Industrial Building Covington, TN 38019 For Sale

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Investment Highlights

Newly rebuilt in 2023
Brand-new 2-story 10,000 SF office area
22 miles from Blue Oval City

100% HVAC throughout
Located in an Opportunity Zone

Executive Summary

1 Delfield Drive is an industrial property of metal construction totaling 186,240 SF on 24.7 acres in Covington TN, the second largest city and county seat of Tipton County. The site is located in an Opportunity Zone, 22 miles from Blue Oval City. Covington is located in West Tennessee, 12 miles east of the Mississippi River and 42 miles northeast of Memphis TN and is part of the Memphis Metropolitan Area. US Hwy 51 (TN-3), a major north–south highway running between Mississippi and Illinois, passes through Covington.

1 Delfield Dr Covington TN - Sale Brochure 5.7.24

Property Facts

Sale Type	Owner User	Year Built/Renovated	1988/2023
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing	Parking Ratio	1.34/1,000 SF
Building Class	B	Clear Ceiling Height	24 FT
Lot Size	24.70 AC	No. Dock-High Doors/Loading	11
Rentable Building Area	186,240 SF	No. Drive In / Grade-Level Doors	4
No. Stories	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Owner User
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing
Building Class	B
Lot Size	24.70 AC
Rentable Building Area	186,240 SF
No. Stories	1
Year Built/Renovated	1988/2023
Tenancy	Single
Parking Ratio	1.34/1,000 SF
Clear Ceiling Height	24 FT
No. Dock-High Doors/Loading	11
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.