This Industrial Property is Off-Market.

5313 Majestic Parkway
Bedford Heights, OH 44146 ·

84,560 SF · Industrial For Sale

N/A

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FedEx Distribution Center

Price N/A Cap Rate 8.37%
Building Size 84,560 SF Occupancy 100%
Property Type Industrial Tenancy Single
Property Sub-type Distribution Warehouse Year Built 1998
Property Use Type Investment Lot Size 9.88 AC
Commission Split 1.25%
Listing ID: 14156909 Date Created: 03/21/2005 Last Updated: 08/16/2005

Description

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.

Highlights

  • 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.

Research

5313 Majestic Parkway, Bedford Heights, OH 44146 (Cuyahoga County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Bedford Heights Market Trends - Asking price index trends, sale price trends, asking rent trends

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