Updated Oct 14, 2026
Lightstone Buys Industrial Asset In Memphis From Brasswater For $15.45M
10745 Marina Drive
$15,450,000
$59/SF
Building Size
258,300 SF
Asset Type
Industrial
Closing
Aug 5, 2025
About this deal
AI
An industrial asset in Memphis at 10745 Marina Drive comprises 258,300 SF and sold for $15,450,000 ($59 PPSF) in the Memphis market on 8/6/2025.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $15,450,000
- Address: 10745 Marina Drive
- Market: Memphis
- Asset Type: Industrial
- Buyer: Jack Ford & Brian Underkofler - Lightstone
- Seller: Brasswater
- Brokers: Casey Masters & Stewart Calhoun - Cushman & Wakefield
- SF: 258,300
- PPSF: $59
Key individuals and companies behind the deal include Lightstone principals Jack Ford and Brian Underkofler on the buyer side, Brasswater as the seller, and Cushman & Wakefield brokers Casey Masters and Stewart Calhoun facilitating the transaction.
On the Map
$15,450,000
$59/SF
Industrial
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Players
Olive Branch Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93