2315 Pier St - Manufacturing FOR SALE


Memphis, TN 38113 | 
$6,590,000 USD
901-497-5586
2315 Pier St, Memphis, TN for Sale
$6,590,000 USD
Manufacturing - FOR SALE
1/10
null | 7.95% Cap Rate

2315 Pier St
Memphis, TN 38113


HIGHLIGHTS

  • NNN Lease
  • Heavy Power
  • Rail + Cranes

OVERVIEW

Colliers is pleased to present 2315 Pier Street, a ±105,943 square foot crane-served manufacturing facility situated on ±5.57 acres on President’s Island within the International Port of Memphis, 100% leased to Morgan Steel, LLC. The improvements comprise three clear-span bays served by four bridge cranes ranging from 10 to 15 tons, 4,700 amps of 480-volt three-phase power across three services, and an active Canadian National rail spur entering the building through dedicated rail doors in Bay 1 and Bay 3. The tenant executed a 63-month lease in November 2025 and, in August 2026, designated the property as the operating base for DC-FAB, its data center steel fabrication division. Ownership completed a capital improvement program in 2025 prior to delivery. The offering is fee simple.

FOR SALE DETAILS

PRICE

$6,590,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

7.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

20

LAND DETAILS

LAND ACRES

5.57

LAND SF

242,629

ZONING

IH

APN/PARCEL ID

05-0102-0-0039C

ASK ABOUT THIS PROPERTY

Ben RickettsColliersMore Info
901-497-5586

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Ben RickettsColliersMore Info
901-497-5586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.