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FedEx Ground Distribution Building 3606 Fosters Industrial Dr 54,045 SF Industrial Building Tuscaloosa, AL 35401 $10,128,351 CAD ($187.41 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Alabama is the Tech Leader of the Southeast
- FedEx Ground (now FedEx Express) is a leading North American Ecommerce Distribution Company
- New Lease Renewal
- FedEx Express is the Global Leader for Express Shipping, Making 17 Million Deliveries per Day in 220 Countries
- FedEx Express has an S&P BBB Bond Rating
EXECUTIVE SUMMARY
FOR ACCESS TO THE OM, PLEASE EMAIL MATT KINGSLEY (matt.kingsley@cushwake.com).
Cushman & Wakefield, Inc. and Graham & Company LLC are pleased to offer for sale the 54,045 sq. ft. FedEx distribution building in Tuscaloosa, AL.
The building was originally a 32,025 sq. ft. pre-leased build to suit for FedEx Ground constructed on the 7.49 acre site in 2011. The initial term was 10 years, and it commenced upon completion. At the request of FedEx Ground, the landlord expanded the building in 2015 by 22,020 sq. ft. to 54,045 sq. ft. in exchange for an extension of the initial lease term to 2025. The construction type is a pre-engineered metal building with metal standing seam roof. Over 140 FedEx Ground buildings have this construction type.
Cushman & Wakefield, Inc. and Graham & Company LLC are pleased to offer for sale the 54,045 sq. ft. FedEx distribution building in Tuscaloosa, AL.
The building was originally a 32,025 sq. ft. pre-leased build to suit for FedEx Ground constructed on the 7.49 acre site in 2011. The initial term was 10 years, and it commenced upon completion. At the request of FedEx Ground, the landlord expanded the building in 2015 by 22,020 sq. ft. to 54,045 sq. ft. in exchange for an extension of the initial lease term to 2025. The construction type is a pre-engineered metal building with metal standing seam roof. Over 140 FedEx Ground buildings have this construction type.
PROPERTY FACTS
| Price | $10,128,351 CAD | Building Class | B |
| Price Per SF | $187.41 CAD | Lot Size | 7.53 AC |
| Sale Type | Investment NNN | Rentable Building Area | 54,045 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2012 |
| Property Subtype | Distribution | Tenancy | Single |
| Price | $10,128,351 CAD |
| Price Per SF | $187.41 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 7.53 AC |
| Rentable Building Area | 54,045 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Tenancy | Single |
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PROPERTY TAXES
| Parcel Number | 31-09-32-1-001-007.007 | Improvements Assessment | $659,496 CAD |
| Land Assessment | $21,142 CAD | Total Assessment | $680,638 CAD |
PROPERTY TAXES
Parcel Number
31-09-32-1-001-007.007
Land Assessment
$21,142 CAD
Improvements Assessment
$659,496 CAD
Total Assessment
$680,638 CAD
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FedEx Ground Distribution Building | 3606 Fosters Industrial Dr
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