4795 Imagination Dr, Memphis, TN 38118

CBRE, as exclusive broker, is pleased to offer for sale 4795 Imagination Drive (“Southpoint Distribution Center”), a 653,900 SF bulk distribution building located in the heart of Southpoint Distribution Center, a 177-acre professionally planned industrial business park consisting of approximately 3.4 million square feet of industrial space with irreplaceable access to major trucking routes (Interstates 40, 240 and 55), the BNSF intermodal facility, and Memphis International Airport, home to the FedEx World hub.

The Property is 96.82% leased to Chatt Transport Services, operating on a three-year lease term that commenced December 2025 at a lease rate approximately 20% below market. A 3PL with approximately 4.5M SF in the Memphis MSA, Chatt Transport Services currently has 25+ clients that include Easton Corp, Cooper Lighting, WM Barr, Siemens, Owens & Minor and NextEra. Their client at Southpoint Distribution Center is Florida Power and Light (S&P: A), a subsidiary of NextEra Energy (NYSE: NEE, S&P A-) which is developing the solar power infrastructure necessary for the region’s latest hyperscale data center, Google’s $4.0B facility in neighboring West Memphis, Arkansas.