141 Joslin Way
Twin Falls, ID 83301
FedEx Ship Center · Industriel Propriété À vendre

The asset is offered as a passive, single-tenant net lease investment with a purchase price of $4,500,000 and a 6.85% cap rate (as per the OM). The sale encompasses FedEx’s leasehold interest in the property, meaning the buyer would acquire the improvements and lease rights (rather than fee simple land ownership). This ground-lease structure results in an attractive acquisition basis and allows for 100% of the purchase price to be depreciated for tax purposes, as highlighted in the offering memorandum. Backed by a best-in-class, investment-grade corporate tenant, the lease is structured for minimal landlord responsibilities (a “passive” investment scenario). The FedEx lease is long-term (exact remaining term not specified in the excerpt) and was crafted specifically for this built-to-suit facility, ensuring modern specifications aligned with FedEx’s operational needs. The property is available for purchase individually or as part of a broader portfolio offering, providing flexibility for investors. Overall, the offering is positioned as a stable, corporate-guaranteed income stream with strong property fundamentals and unique financial benefits (depreciation and potential 1031 exchange advantages).