64,000+/- SF Industrial Facility in Collierville, TN

Colliers in Memphis, as exclusive broker, is pleased to offer for sale 466 Washington Street in Collierville, Tennessee. The offering consists of one building totaling 64,000± square feet on 6.73± acres positioned in the Collierville Industrial Park and seconds from I-269. The building is a fully leased, steel building constructed in 1991 and has been well maintained throughout its existence. Originally built for Strike King Lures, the building was used as a manufacturing and distribution hub for over three decades. It still boasts heavy power with bus duct supplying power throughout, warehouse HVAC, insulated warehouse, and ample land for building expansion or outside storage. Currently, the building is leased to IPS Corporation on a 61 month term starting April 1, 2024. IPS is using the facility to support their existing operation in Collierville as they continue growing. Given its location in the bustling Collierville area, this building will continue to be a coveted place to do business. Currently, there are no available warehouses of any size in Collierville, and recent economic development wins for the city and surrounding area will further strengthen this area as a great place to do business.