Historical Industrial Sale Listing - FEDEX FREIGHT DISTRIBUTION FACILITY

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FEDEX FREIGHT DISTRIBUTION FACILITY

4574 South Maple Avenue, Fresno, CA 93725

N/A

40,408 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
40,408 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Investment
Cap Rate:
5.66%
Occupancy:
100%
Tenancy:
Single
Year Built:
2005
Listing ID
14938154
Last Updated
over 1 year ago

Utilities

Highlights

  • Double Net (NN) Lease with Minimal Landlord Obligations
  • 12 Year Lease Term
  • FedEx Corporate Guaranty
  • 2005 Construction

Description

FedEx Freight Distribution Facility is located at 4574 South Maple Avenue in Fresno, California. The subject property consists of a 73-dock truck terminal containing 40,408 square feet, including 4,048 square feet of office space and an 8,500 square foot shop/service facility with fuel tanks. The remainder of the subject land consists of paved yard for employee and truck parking as well as unpaved/unimproved area in the rear. The truck terminal and paved area were designed for future expansion at the Tenant's expense. The immediate vicinity is very conducive to truck terminals, with several other major trucking companies in close proximity and a variety of truck catering gas stations, repair shops, dealerships and lodging. The subject property lies within blocks of State Highway 99, a major California arterial highway. In 2007, Highway 99 will undergo a 5 billion dollar expansion to increase the Higway to 4 lanes which will fuel growth and improve the attractiveness of the Fresno market.

Fresno essentially connects Southern California to Northern California as a prime central location. The Fresno market is being targeted as one of the areas that will see major growth in the next 10 years. Property values have been on a continuous rise and population growth has been constant. In addition to being pro-growth, Fresno has the infrastructure to support continued growth.

Map of 4574 South Maple Avenue, Fresno, CA 93725 (Fresno County)

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Created 1/2/2007