Shelby Air Park | Building 3 — Lease in Memphis, TN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Memphis, TN 38118

Description

Industrial | For Lease: 107,563 SF Shelby Air Park is located in the heart of the Southeast Industrial submarket at the corner of the Shelby Air Drive and East Shelby Drive intersection - making it within minutes from the Memphis Inter Key Facts Sprinkler system: (.495/2,000 SF) License #: 290160

Market Context

This industrial in Memphis, TN is listed for lease. It has been on the market for 176 days. Compare it against other industrial listings for lease in Memphis, TN — view the full market.

As of Q1 2026, the Memphis industrial market showed rents up 5.0% year over year, and cap rates around 16.0%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Memphis?
About 16.0% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$1.10/SF/mo – $1.48/SF/mo

Mid: $1.29/SF/mo

Cost-of-business estimate only; rate estimator unavailable.

Based on comparable properties in similar markets rather than local sales.

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