AIRPORT BUSINESS PARK MEMPHIS, tennessee - airport submarket well-positioned 235,000 sf single-story office park adjacent to fedex global hub
the offering airport business park- in the core of the airport submarket Cushman & Wakefield Commercial Advisors is pleased to present the opportunity to acquire the fee simple interest in Airport Business Park, an eight building, 235,006 square foot single story office park in the heart of the Memphis Airport Submarket. The diverse tenant mix includes Fortune 500 companies such as FedEx, Xerox, and the Federal Aviation Administration. The property offers excellent access to the Memphis International Airport, the FedEx Express Global Super Hub, all area interstates, and is located in the heart of the Memphis Aerotropolis, an area of focus for infrastructure development, employment growth, and business attraction. Currently 60% leased, Airport Business Park provides an investor with a clear path to a readily-achievable upside through leasing in the logistical center of Memphis. INVESTMENT SUMMARY Address 3000 Democrat Road, Memphis, TN 38118 Submarket Airport Rentable Building Area 235,006 SF Occupancy 60% No. of Buildings 8
investment Highlights Significant Upside Potential WITH LEASING, rental growth, and Development 60% occupied with expansion potential for two additional buildings Diverse and quality tenant mix including FedEx and the Federal Aviation Administration Additional pad sites available to accomodate future demand Acquisition price well below replacement value estimated to be $135 PSF Well positioned to capture expansion requirements for FedEx Prime end of runway location with excellent access to area interstates Adjacent to Memphis International Airport, FedEx Express Global Super Hub, and UPS Air Hub - all significant demand drivers for the Airport Submarket Fenced and secure park with controlled access One of the most desirable and institutional quality parks in the Airport Submarket Historically anchored by FedEx and airport related users A High Quality submarket Busiest cargo airport in North America and second worldwide Prioritized infrastructure improvement in airport area Aerotropolis area is responsible for 40% of the region s economy Largest employment base in the region and home to approximately 225,000 jobs
investment Highlights memphis: logistical capital of the southeast Home to FedEx World Air and World Ground Hubs - Founded in Memphis in 1973, FedEx currently employs over 32,000 local professionals - Ongoing $2B national expansion continues to substantiate FedEx s Memphis facilities Recently named #1 Logistics, Distribution, and Shipping Hub in the country by Business Facilities Memphis International Airport is the world s second largest airport by cargo volume, only surpassed by Hong Kong International With direct navigable access on the Mississippi River, Memphis serves as one of the largest inland ports in the US At the crossroads of three critical national Interstates, I-40, I-55, the soon to be completed I-22, and the future I-69, Memphis anchors one of the busiest trucking corridors in the US Memphis boasts five of the top six long-haul Class 1 rail systems in the US, which handle $550B of domestic and international freight annually
airport business park J H J H LEGEND Parcel A Building B Building C Building D 1.690 Acres 17,124 SF 22,500 SF 22,500 SF I PARCEL F E G D I PARCEL F E G D Building E Parcel F Building G Building H Building I 18,619 SF 1.484 Acres 24,500 SF 60,000 SF 35,867 SF PARCEL A B C PARCEL A B C Building J 33,800 SF DEMOCRAT ROAD DEMOCRAT ROAD For Additional Information, Please Contact: W. SHANE SOEFKER Executive Vice President (901) 362 3454 ssoefker@commadv.com JACOB BIDDLE Vice President (901) 362 4307 jbiddle@commadv.com LUKE JENSEN Associate (901) 362 4313 luke.jensen@commadv.com SAMIR IDRIS Director (404) 853 5221 samir.idris@cushwake.com DAVID MELINE Executive Director (404) 853 5380 david.meline@cushwake.com