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FedEx Distribution Center
5313 Majestic Parkway, Bedford Heights, OH 44146
Last Updated over 1 year ago
Listing ID 14156909
- Fortune 500 Corporate Tenant on a 10 year NN lease.
- 2 five year extensions with rent increases based on fair makret rents at time of renewal.
- Future ability to expand on land.
- Sandard and poor rating of BBB.
- Close and easy access to I-77, I-71, I-271, and I-480 which is central to interstae commerce to the mid-atlantic states.
- Ten miles from Cleveland, Ohio.
The Bedford Heights FedEx Distirubtion Center is priced at $5,100,000. It is positioned within the market at a 8.37% cap rate with a 2.1% cash return and a total return of 9.7%. Financing for this property is $2,677,000 down and an assumable loan in the amount of $2,423,000, 6.88% fixed interest rate, and a 15 year amortization. The loan must be assumed and will be fully paid off Oct. 13, 2013.
Bedford Heights is located just outside of Cleveland, Ohio. It is centrally located next to an extensive interstate system including I-71, I-77, I-271, and I-480. These interstates service the mid-atlantic states and are essential to their thriving commerce. This Federal Express location has the ability to expand and handle the growing commerce for the mid-atlantic states.
Map of 5313 Majestic Parkway, Bedford Heights, OH 44146 (Cuyahoga County)
Additional Information for 5313 Majestic Parkway, Bedford Heights, OH 44146
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO