PROPERTY OVERVIEW:
EXP Realty Advisors exclusively presents for sale in Palm Beach County a 36,790 square foot freestanding FedEx Ship Center on a 3.66 acre parcel of land. The building is 100% leased to Federal Express Corporation, an investment grade company with an S&P credit rating of BBB, for a ten year term with one five year option. The property was constructed in 1991. The lot is accessible via Barnett Drive and Detroit Street located immediately west of I-95' s Exit 64 (10th Avenue N), which has traffic counts of 38,782. I-95 has traffic counts of 185,604 VPD.
LOCATION OVERVIEW:
The subject property is located in Lake Worth, FL in Palm Beach County, approximately 65 miles north of Miami. The city is included in the Miami-Fort Lauderdale-Pompano Beach Metropolitan Area, which is home to approximately 5,563,857 people. Palm Beach County is the wealthiest, and third most populous county in Florida. Within a five mile radius, the Average Household Income is estimated to be $57,895, and the population is 282,094. Port of Palm Beach is the fourth-busiest container port in Florida and the eighteenth busiest in the continental United States. FedEx is located 1.5 miles from Downtown Lake Worth, 1.7 miles from the Lake Worth Commuter Rail, and 7.1 miles from the Palm Beach International Airport.
