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4795 Imagination Dr
Memphis, TN 38118
Industrial Property For Sale
Executive Summary
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. Developed as a build-to-suit for Disney in 1996 by Panattoni, one of the world’s largest privately held real estate development companies, Southpoint Distribution Center has been institutionally maintained to the highest standards. The Property features characteristics that are limited in the largest and most established submarket in the Memphis MSA.
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.
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.
Property Facts
| Sale Type | Investment | Year Built | 1997 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 0.61/1,000 SF |
| Building Class | A | Clear Ceiling Height | 34’ |
| Lot Size | 46.38 AC | No. Dock-High Doors/Loading | 50 |
| Rentable Building Area | 653,900 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 1 | ||
| Zoning | I-L - Light Industrial Zoning | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | A |
| Lot Size | 46.38 AC |
| Rentable Building Area | 653,900 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.61/1,000 SF |
| Clear Ceiling Height | 34’ |
| No. Dock-High Doors/Loading | 50 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-L - Light Industrial Zoning |
Property Taxes
| Parcel Number | 09-4200-0-0425 | Improvements Assessment | $21,443,476 CAD |
| Land Assessment | $1,147,984 CAD | Total Assessment | $22,591,460 CAD |
Property Taxes
Parcel Number
09-4200-0-0425
Land Assessment
$1,147,984 CAD
Improvements Assessment
$21,443,476 CAD
Total Assessment
$22,591,460 CAD
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