22,815 Square Foot Industrial Space For Sale @ 6530 Interchange Road North
FedEx NN Investment - 8.43% Cap Rate - Standard & Poor's "BBB" Rating
Sperry Van Ness/Martin Commercial Group is pleased to offer for sale to qualified investors this strategically located and well positioned FedEx facility. This is a NN investment that is 100% leased by FedEx and was a build-to-suite for FedEx in 1987. This facility is operating as a FedEx City Station and Ship Center. The lease expires December 31, 2017 with no renewal options. Current rental rate is low compared to alternative FedEx investments and this facility type is in very high demand within the marketplace allowing any investor to obtain strong market rents on renewal.
FedEx's also operates a Less-Than-Truckload (LTL) facility, a FedEx Freight and a Office Print & Ship Center in the marketplace. The specialty operations within these facilities would not be conducive for future consolidation and therefore the long-term outlook for this facility is excellent. There is up to 2.43 acres of additional land available for purchase contiguous to this site.
Please contact Chris Stuard for more details.
This property is strategically located on the east side of Evansville between North Burkhardt Road and I-69/I164 (west and east) and Lynch Road and E. Morgan Avenue (north and south). The property has quick access to I-69/I-164, Morgan Avenue, Lloyd Expressway, Lynch Road and Highway 41 giving superb access throughout Evansville and neighboring markets. This location also provides good access to the Evansville Regional Airport for overnight shipments as well. The Evansville marketplace provides a strong hub for distribution to major markets in all directions and is considered a major crossroads in the Midwest.
■ 100% leased and guaranteed by FedEx Corporation
■ Standard & Poor's: BBB Stable
■ Build-to-Suit in 1987 for FedEx
■ High demand, low supply facility type
■ Additional land available
Listing ID: 422914
Office space(s): ---
Ceiling height: ---
Column space: ---
Has sprinklers: No
• Has rail access: No
Sale Price: $1,550,000
Size: 22,815 square feet
Type: Industrial Space