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11363 Progress Wy, Olive Branch, MS 11384 Progress Wy, Olive Branch, MS
Legacy Park 7 & 8
Asset ClassIndustrial

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer the opportunity to acquire Legacy Park 7 & 8 (the “Property”), a premier collection of two newly delivered best-in-class logistics facilities totaling 831,974 SF located in Memphis’ DeSoto County submarket. Strategically located in the preeminent 266-acre Legacy Park in Olive Branch, MS, the Property enjoys a distinguished location in one of the bestknown industrial parks in metro-Memphis while benefiting strongly from Mississippi’s pro-business environment. The Property offers exceptional access to Memphis’ major transportation thoroughfares, the Memphis International Airport, FedEx SuperHub, and the BNSF Intermodal Rail Yard, making this a highly sought-after distribution hub for name brand global and national companies.

 

Currently 100% leased to two full building users with 4.0 years of weighted-average lease term remaining and in-place rents 14% below market, Legacy Park 7 & 8 offers investors the opportunity to acquire a critical mass of stabilized core properties ideally positioned in the heart of one of the Southeast’s most dynamic logistics markets with significant midterm upside.

 

The asset is held by an entity taxable as a REIT; expressions of interest or offers to purchase should consider transaction forms involving ownership of the REIT shares.

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11363 Progress WyOlive Branch, MS 38654

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Listing provided by Revere CRE