FEDEX GROUND PORTFOLIO

2498 Florence Harllee Blvd, Florence, SC 29506
$30,320,000

Cap Rate
5.75%
Year Built
2005/2007
NOI
$1,743,615
Property Type
Industrial

INVESTMENT HIGHLIGHTS

  • Rare 8.56% Cash on Cash Return– An investor has the opportunity to assume the existing 10-Year, Interest Only loan in place with a 3.06% Interest Rate, yielding an above market 8.56% Cash on Cash Return
  • FedEx Ground Build-to-Suit Facilities– FedEx Ground specifically had these facilities built for their operations in 2007 & 2005 where they have continued to serve Florence, SC & Saco, ME and their surrounding markets.
  • Ideally Located For Distribution Operations– Both subject FedEx Ground distribution facilities are strategically located alongside key distribution landmarks,as well as positioned in the heart of two strong, growing industrial parks.The Florence, SC facility is located +/-125 miles from the Port of Charleston which is a top 10 port in the United States. The Saco, ME facility is directly positioned off of Interstate 95 which is the main north-south interstate highway on the East Coast of the US.
  • Highly Functional Facilities With Future Expansion Capabilities– Totaling 213,021 SF of warehouse and situated on 38.07acres of land (12.85% Building/Lot Coverage), both of the subject facilities have ample outdoor space allowing for future expansion capabilities.
  • FedEx Ground Package Systems, Inc. Guarantor– FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation (NYSE: FDX), currently operating in over 600 facilities with annual revenues over $30.5B

Broker of Record

  • Kyle Matthews & Brian Brockman
  • License No. 22684 (SC) & Bang Realty-New England, Inc.
  • (866) 889-0550
  • Matthews Real Estate Investment Services, inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245