Historical Industrial Sale Listing - FedEx Ground - Chattanooga, TN

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FedEx Ground - Chattanooga, TN

3021 Alton Park Boulevard, Chattanooga, TN 37410

N/A

162,535 SF | Industrial

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FedEx Ground Chattanooga

Industrial Property - Off Market

Price:
N/A
Building Size:
162,535 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Single
Lot Size:
25.17 AC
Listing ID
16073686
Last Updated
over 1 year ago

Description

This new 162,535 square foot distribution center provides a premier opportunity for an investor to acquire a strategically located industrial property in a strong market for FedEx. The site was developed with room for a 32,076 square foot expansion, important for the investor as the returns from the improvements are quite attractive as well as the potential for a new lease term.

Built-to-suit for FedEx Ground on 25.17 acres, the property is located along the Tennessee-Georgia border. FedEx recognizes the property and location as a key to sustaining their long-term growth in the region with this semi-automated facility just a two hour drive to the FedEx Ground hub in Nashville, TN. Situated in the six county Chattanooga MSA with a population of over 50,000, this is a primary sorting operation for FedEx in the area, with shipments arriving via ground transportation that are then disbursed to the market. Chatanooga is at the junction of three major freeways, I-24, I-59 and I-75, and is within a one-day drive to 1/3 of the U.S. population.

Map of 3021 Alton Park Boulevard, Chattanooga, TN 37410 (Hamilton County)

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