2085 W.E. FREEMAN DR. MEMPHIS DEPOT

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1 2085 W.E. FREEMAN DR. MEMPHIS DEPOT DUNN AVE PERRY RD W.E. FREEMAN DR. MEMPHIS DEPOT PKWY AIRWAYS BLVD 143,340 Total Sq Ft WAREHOUSE SPACE For Lease or Sale BALL RD 2085 W.E. Freeman Dr. Memphis, TN Southwest Submarket 240 NORTH FOR MORE INFORMATION: David B. Curran, Jr., CCIM Direct: Cell:

2 2 INTRODUCTION Cushman & Wakefield / Commercial Advisors is pleased to offer to qualified users or tenants the opportunity to purchase or lease 2085 W.E. Freeman Dr., a 143,340 square foot warehouse facility located in Memphis, TN. The Property offers a prime location immediately adjacent to Memphis core Southeast industrial submarket within the 642 acre Memphis Depot Business Park. The highly visible site is located next to the intersection of Memphis Depot Parkway and W.E. Freeman Dr., and provides excellent access to the Memphis International Airport and the surrounding Interstate Highways. PROPERTY HIGHLIGHTS Approximately 143,340 square feet in one rectangular-shaped building /- acre site within the Memphis Depot Business Park, a Foreign Trade Zone approved site. 24-hour gated security & on-site Memphis Police Precinct Station 30 clear ceiling height; 6 bays fully racked Office build out of approximately 11.2% Ample parking for cars, trucks, and trailer storage Superior interstate access, with a direct route to the Memphis Int l Airport, FedEx global hub & UPS Freight Service Center Building is well suited to either single or multiple tenants Pricing: Asking Price $3,600,000 ($25.12 per SF ) for purchase Asking $2.00 NNN for lease NNN = $0.45 est

3 PROPERTY 3 SURVEY FLOORPLAN ,897 sf 7,980 sf 10,000 sf 20,178 sf 24,282 sf ,178 sf 18,124 sf

4 4 WAREHOUSE AT-A-GLANCE Address: Rentable Area: 2085 W.E. Freeman Dr. Memphis, TN Warehouse: 126,238 +/- Sq Ft Main Office: 9,520 +/- Sq Ft Mezzanine: 7,582 +/- Sq Ft. (constructed 2006) Total: 143,340 +/- Sq Ft Building Type: Warehouse/Distribution Zoning: I-L Light Industrial Land Area: /- acres Year Built: 1990 per Shelby County Assessor Occupancy: Available starting 07/01/13 Construction: Concrete tilt-up exterior walls/interior demising walls Warehouse Roof: Concrete deck with fiberglass built-up asphalt overlay with embedded aggregate stone Office Roof: TPO roof system installed 2010; 10 year warranty Ceiling Height: 30 in racked bays; 28 in un-racked single bay Truck Court/Apron: 120 / 48 deep concrete apron Truck Doors: 15 rear-load partially covered 10 x 10 dock high doors (9 additional on east wall), 2 ramp access docks 12 x 14 Levelers: 4 manual; 9 electric; rated at 20,000 lbs. capacity Floor Thickness: 6 reinforced Column Spacing: 52 x 33 typical Lighting: 400W metal halide; 25% with new ballasts Office HVAC: Package units service 1st & 2nd floor office space; 6 new units installed since 2009 Fire Protection System: Class 4 wet sprinkler system; 10 vertical riser; 3 in-rack; 2,500 sf coverage; dry system exterior Bays: 7 total bays of which 6 are self-contained Racking: 6 bays are fully racked & sprinklered; 1,995 picking locations per six levels - 12,000+/- total Racking Specifications: Beam 5,060lbs capacity; 36, 42 and 48 widths Aisles: 58 wide rail guided system Gas Service: High pressure 3 line in place Warehouse Heating: Two UNILUX natural gas powered boilers Warehouse Air Vents: 16 motorized & manual curtain wall vents Power Supply: 1000 KVA with /3-ph secondary 2012 Property Taxes: City of Memphis - $19,410; Shelby County - $25,089; combined = $.31 psf * Manned security controlled access gate entrance off of Airways Blvd; full perimeter fencing surrounds the Memphis Depot Business Park

5 5 MARKET MEMPHIS INDUSTRIAL MARKET With its central location and excellent infrastructure, Memphis is one of the most important logistics centers in the United States. The Memphis industrial market contains five separate submarkets as shown in the table on the following page. The dominant submarkets are the Southeast (located immediately adjacent to the Memphis Depot), Southwest and DeSoto County, MS submarkets. These submarkets account for the vast majority of industrial space in the city and more importantly, the majority of absorption, leasing and construction activity in recent years. 240 AIRWAYS BLVD The total industrial inventory in the Memphis market area is 146,373,088 square feet in 1,112 buildings as of the end of The warehouse sector comprises the vast majority of the Memphis market, consisting of 140,594,301 square feet in 925 buildings. The balance is comprised of the flex sector, which consists of 5,778,787 square feet in 187 buildings. Included in this are 184 owner occupied buildings accounting for 23,009,300 square feet of space. SOUTHEAST INDUSTRIAL SUBMARKET Anchored by the Memphis International Airport, Memphis s Southeast industrial submarket is the dominant industrial sector in the city. Currently housing 78,132,164 square feet, the Southeast submarket makes up 53% of the entire metro Memphis market with average quoted rents ranging from $1.50 to $3.25 psf for properties containing at least 100,000 square feet. This reflects the wide variety of Class B and A product located throughout the Southeast submarket. The Southeast s current overall vacancy rate of 14.6% is third lowest of the five submarkets in the Memphis area. This vacancy rate has averaged below 16% over the last four years due in part to steady absorption and the decline of new construction. The Southeast submarket s location highlights include excellent access for both trucks and passenger vehicles via multiple interchanges at I-240, I-40, and I-55, Memphis s primary interstates, rail service provided by Burlington Northern, Inc., numerous major surface arteries including State Highways 72 and 78, and continued influx of new and expanding tenants in the past year including Williams-Sonoma, Exel Logistics, Trane, and Nike.

6 6 MEMPHIS INDUSTRIAL - YEAR END PROPERTY PHOTOS

7 LOCATION 7 MEMPHIS OVERVIEW Memphis is one of the foremost global logistics centers in the United States because of its strategic location near the population center of the country. The city is home to one of the world s key shipping and logistics airports, vast interstate and railway systems, and one of the most critical navigable waterways in the US, the Mississippi River. Located at the southwestern tip of the state of Tennessee, Memphis is the region s primary economic focal point and the state s largest city with a population of 1.3 million. Memphis serves as a critical manufacturing and distribution hub for products bound for each region of the country and beyond. Highlights of Memphis include: Home to FedEx World Air and World Ground Hubs. Founded in Memphis in 1973, currently employing over 32,000 local professionals, FedEx s ongoing $2B national expansion continues to substantiate its Memphis facilities. A major inland port highlighted by its connectivity to large international and national markets. Memphis International Airport (2.5 +/- miles southeast of 2085 W.E. Freeman Dr.) has reported the second largest worldwide cargo volume for 2012 and was previously the world s largest cargo airport for the last 17 years. At the crossroads of four critical national Interstates (I-40, I-55, the proposed I-22, and the future I-69), Memphis anchors one of the busiest trucking corridors in the US. Memphis boasts 5 of the US s top six long-haul Class 1 rail systems, BNSF, CSX, Norfolk Southern, Canadian National, and Union Pacific, which touch $550 Billion of domestic and international freight annually. Host to an enormous inventory of international companies with large national distribution centers including Nike, Williams Sonoma, Johnson & Johnson Health Care Services, Technicolor, Nissan Parts, Kroger, Kraft, and Pfizer. With a highly-skilled and specialized workforce, Memphis leads the nation s top 100 cities with the highest workforce percentage involved in logistics, transportation, warehousing, and utilities.

8 8 AIRWAYS BLVD 240 R A M LA.S VD BL 55 H 78 Intermodal 69 FO R M ORE I N F O R M AT I O N : David B. Curran Jr., CCIM Direct: Cell: dcurran@commadv.com Cushman & Wakefield/Commerical Advisors 5101 Wheelis Drive, Suite 300, Memphis, TN No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions imposed by our principals.