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Stateline and Crossroads Logistics Package

Stateline and Crossroads Logistics Package_Property for Sale

Attributes

Building area net
589,598 sf
Occupancy
100%
Tenants
2
WALT
4.7 years
Lease type
Net lease (N/NN/NNN)

Portfolio description

Totaling 589,598 square feet, Stateline and Crossroads Logistics Package are two class A distribution facilities that feature institutional specifications including concrete aprons, ESFR sprinklers, and flexible layouts which can accommodate single or multi-tenant uses. Situated in two state-of-the-art industrial parks developed by one of the country's leading logistics developers, IDI Logistics, the Package is in Memphis' booming DeSoto submarket—the #1 Memphis submarket in net absorption with over 14 million square feet since 2020, accounting for 43% of total net absorption for the entire Memphis market.

 

Located in one of the best-positioned logistics cities in the Southeast, Stateline and Crossroads Logistics Package share's its home with major national and international connection points like FedEx's World Hub, Memphis International Airport, the Port of Memphis and five Class I railroads. With proximity to BNSF’s Intermodal facility, downtown Memphis and major logistical thoroughfares such as I-55 and US-78, Stateline and Crossroads Logistics Package's exceptional location gives users access to critical regional and global distribution arteries for seamless connectivity to the greater Memphis area, the surrounding Southeast and the world.

...

Investment Highlights

» 100% leased with a 9.4% MTM opportunity and a combined WALT of 4.7 years

  • 3.5% annual rent escalators 
  • Net leases with limited landlord responsibilities 

» Memphis MSA location, home to major logistical connection points such as:

  • FedEx’s World Hub, the largest FedEx Express air hub in the world
  • Memphis International Airport, the busiest cargo airport in the country
  • The Port of Memphis, the 2nd largest Port in the Lower Mississippi River 
  • Five Class I Railroads, including BNSF’s Intermodal facility

» State-of-the-art design and construction

» DeSoto Submarket, #1 Memphis submarket in total net absorption

» State of Mississippi: a "pro-business" state with generous state and local tax incentives

Stateline and Crossroads Logistics Package 4_Property for Sale
Stateline and Crossroads Logistics Package 4_Property for Sale
Stateline and Crossroads Logistics Package (2 Properties)
Stateline and Crossroads Logistics Package (2 Properties)

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Last updated
31 Oct 2024