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Joplin, MO – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, brokered the sale of a FedEx Ground facility, located at 3752 Enterprise Ave, Joplin, MO. The transaction was handled by Associate Brett Davis and First Vice President and Senior Director Alexander Harrold.
The seller, a Matthews™ private client, sold the FedEx location to focus on and consolidate their core real estate investment portfolio and was motivated by the high price points currently seen in the industrial market. Matthews’ agents leveraged the firm’s proprietary marketing platform to receive multiple offers prior to the listing going live on the market.
“Our client was able to take advantage of the uptick in the demand for industrial properties by receiving a great price point and cap rate,” Davis said. “Through our company’s proactive outreach, we created interest before the property was even listed, so once we did go to market, our client had several at-list offers to choose from immediately.”
The buyer was sourced through Matthews™ extensive shared database. The private investor was interested in buying to grow their industrial portfolio throughout the U.S. The buyer received a strong asset leased to a credit tenant with future expansion capabilities.
“Both the seller and buyer achieved their investment goals. This sale further portrays the increasing demand for credit leased industrial facilities.” Harrold said. “Using our team’s extensive experience in the FedEx market, we were able to proactively navigate potential objections to maintain a seamless escrow process.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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