Value-Add Industrial Two Pack | Memphis 2 Industrial Properties Online Auction Sale Memphis, TN
INVESTMENT HIGHLIGHTS
- This 38% occupied, two-property industrial portfolio is the perfect value-add investment with the opportunity to lease vacancies at market rates.
- Under 20 minutes to Memphis International Airport, one of the largest cargo airports in the United States.
- Within 10-miles of the assemblage there is a robust workforce in Memphis of over 282,000 employees.
- Strategically positioned southeast of Downtown Memphis via I-69 and Lamar Avenue which connect in under 30 minutes.
- Join other big name industrial players in Memphis including FedEx, AutoZone, and International Paper Company.
EXECUTIVE SUMMARY
The two-property industrial assemblage, located at 5625 & 5639-5653 E Shelby Drive, is the ideal investment for savvy buyers. 5625 E Shelby Drive is a fully vacant, 19,200-square-foot warehouse space fit for a single tenant. 5639-5653 E Shelby Drive is directly next door and also rings at 19,200 square feet, split into three different spaces. This asset is approximately 76% occupied by two tenants. Lenny’s Grill & Subs occupies 5,040 square feet with a lease through January 2030, and Memphis Flooring occupies 9,600 square feet with a lease through May 2026. Both tenants have historical on-site occupancy and have been staples to the center since 2004 and 2005. The properties come equipped with several important industrial components, such as five dock-high doors, one dock with a loading ramp, and 14-foot clear heights. Recent capital improvements in 2022 include new interior and exterior doors, new exterior lighting, fresh paint, refreshed office carpeting, and new office paint.
5625 & 5639-5653 E Shelby Drive are positioned in the Southeast Industrial Submarket of Memphis, which bodes well for investors. Southeast is Memphis's largest industrial submarket in terms of inventory and asset value. A large blue-collar workforce and resilient local fundamentals have historically driven industrial demand in the submarket. Over the past year, rents here have risen 4.2%.
Memphis draws in much attention as it is located at the core of the Tri-State region known as the Mid-South. The labor market showed signs of expansion, adding 3,100 jobs in October 2024, according to the latest Bureau of Labor Statistics data. Job growth is on the horizon in the southeast portion of the market with a recent announcement by a HVAC company AAON's plan to purchase 5106 Tradeport Drive. The company announced it will invest nearly $240 million in the property, then manufacture equipment for data centers, and expects to hire more than 800 workers over the next five years.
Memphis is the ultimate spot for industrial investment largely due to its deliberate position. Memphis is within a 48-hour drive of approximately 73% of the entire United States population. 5625 & 5639-5653 E Shelby Drive are located close to Lamar Drive, Interstate 265, and Interstate 69, which quickly connect Memphis to other major metros. Additionally, the assets are under 20 minutes from Memphis International Airport, one of the largest cargo airports in the United States. Memphis is in the third busiest trucking corridor with access to five class one railroads allowing for an easy transfer of goods. Within a 5-minute drive of the assets, there are many retailers and restaurants, including Kroger, Walmart Supercenter, Chick-fil-A, The Home Depot, Sam’s Club, Costco, and many more.
Discover the industrial assemblage on E Shelby Drive, a premier investment in Memphis.
Property tours are available by appointment only. Please contact the listing broker to schedule.
5625 & 5639-5653 E Shelby Drive are positioned in the Southeast Industrial Submarket of Memphis, which bodes well for investors. Southeast is Memphis's largest industrial submarket in terms of inventory and asset value. A large blue-collar workforce and resilient local fundamentals have historically driven industrial demand in the submarket. Over the past year, rents here have risen 4.2%.
Memphis draws in much attention as it is located at the core of the Tri-State region known as the Mid-South. The labor market showed signs of expansion, adding 3,100 jobs in October 2024, according to the latest Bureau of Labor Statistics data. Job growth is on the horizon in the southeast portion of the market with a recent announcement by a HVAC company AAON's plan to purchase 5106 Tradeport Drive. The company announced it will invest nearly $240 million in the property, then manufacture equipment for data centers, and expects to hire more than 800 workers over the next five years.
Memphis is the ultimate spot for industrial investment largely due to its deliberate position. Memphis is within a 48-hour drive of approximately 73% of the entire United States population. 5625 & 5639-5653 E Shelby Drive are located close to Lamar Drive, Interstate 265, and Interstate 69, which quickly connect Memphis to other major metros. Additionally, the assets are under 20 minutes from Memphis International Airport, one of the largest cargo airports in the United States. Memphis is in the third busiest trucking corridor with access to five class one railroads allowing for an easy transfer of goods. Within a 5-minute drive of the assets, there are many retailers and restaurants, including Kroger, Walmart Supercenter, Chick-fil-A, The Home Depot, Sam’s Club, Costco, and many more.
Discover the industrial assemblage on E Shelby Drive, a premier investment in Memphis.
Property tours are available by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
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Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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Sale vs Asking Price
-9.9%
-9.9%
-9.9%
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% Leased at Sale
9.9%
9.9%
9.9%
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Market Sale Price per SF
Memphis - TN USA
Market Cap Rate
Memphis - TN USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 38,400 SF |
| Total Land Area | 2.58 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 5625 E Shelby Dr, Memphis, TN 38141 | Industrial | 19,200 SF | 1978 |
| 5639-5653 E Shelby Dr, Memphis, TN 38141 | Industrial | 19,200 SF | 1975 |
SALE ADVISORS
SALE ADVISORS
Karon Nash, Senior Associate
(901) 652-4876
Contact
Karon Nash is a Senior Associate at Cushman & Wakefield | Commercial Advisors, specializing in landlord representation for office and industrial asset classes. His expertise lies in delivering comprehensive sales and leasing services that maximize asset value and being a thought partner to his clients to address their commercial real estate challenges.
With a blend of analytical insight and strategic marketing background, Karon offers a process-driven approach to solving complex real estate pain points. He focuses on optimizing property performance and facilitating seamless transactions for owners. Karon’s professional reach goes beyond the Memphis market, catering to companies with multi-market operations and portfolio service needs. Locally, he is licensed in both Tennessee and Mississippi where he seamlessly operates across state lines.
With a blend of analytical insight and strategic marketing background, Karon offers a process-driven approach to solving complex real estate pain points. He focuses on optimizing property performance and facilitating seamless transactions for owners. Karon’s professional reach goes beyond the Memphis market, catering to companies with multi-market operations and portfolio service needs. Locally, he is licensed in both Tennessee and Mississippi where he seamlessly operates across state lines.
Landon Williams, Executive Vice President - Capital Markets
(901) 362-4306
Contact
Landon Williams is a Senior Vice President at Cushman & Wakefield | Commercial Advisors. Landon’s practice at CW|CA focuses on Investment Sales for commercial products in the Real Estate Capital Markets Division. Landon works with investors to discover and form their investment goals and implement a plan to achieve those goals.
Prior to joining CW|CA, Landon worked as a sports agent, representing and negotiating contracts for professional athletes. He has a considerable amount of negotiation experience, including when Landon’s team negotiated the largest deal for a right-handed pitcher at the time in baseball history ($127.5 million) for pitcher, Matt Cain, in 2012. His proven track record in large dollar, high profile, and sophisticated contract negotiations dovetails well into arranging complex real estate transactions for CW|CA’s clients. This negotiation experience translated to success in real estate as Landon has represented a multitude of private capital and institutional investors in the disposition or acquisition of commercial real estate investment assets in the Mid-South and beyond.
Landon was born and raised in Memphis. Landon, his wife Nicole, his daughter Vivienne, and his son Everett are active members at Highpoint Church.
Prior to joining CW|CA, Landon worked as a sports agent, representing and negotiating contracts for professional athletes. He has a considerable amount of negotiation experience, including when Landon’s team negotiated the largest deal for a right-handed pitcher at the time in baseball history ($127.5 million) for pitcher, Matt Cain, in 2012. His proven track record in large dollar, high profile, and sophisticated contract negotiations dovetails well into arranging complex real estate transactions for CW|CA’s clients. This negotiation experience translated to success in real estate as Landon has represented a multitude of private capital and institutional investors in the disposition or acquisition of commercial real estate investment assets in the Mid-South and beyond.
Landon was born and raised in Memphis. Landon, his wife Nicole, his daughter Vivienne, and his son Everett are active members at Highpoint Church.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
