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21600 Melrose Ave
Southfield, MI 48075
FedEx Express · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • Investment Grade Tenant – Federal Express Corporation (NYSE: FDX) Reported Total Revenues of $84 Billion, Operating Income of $5.86 Billion
  • Long-Term Commitment to Site – FedEx Express Has Operated at This Site Since 1991; Recent Lease Renewal Extended Lease Term Until July 2030
  • Major Repairs to Building and Parking Lot Were Completed in 2016
  • Tenant Currently Holds a BBB/A-2 Stable Credit Rating
  • Corporate Guaranteed Net Lease – Lease Features Minimal Landlord Responsibility Limited to Roof and Structure
  • Premier Location With Strong Accessibility – Situated Right in the Heart of the Detroit Suburban Warehouse and Industrial Park

PROPERTY FACTS

Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • FlexLight Distribution
Building Class B
Lot Size 2.99 AC
Rentable Building Area 42,555 SF
No. Stories 1
Year Built/Renovated 1989/2016
Tenancy Single
Parking Ratio 0.94/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 7
Zoning I-L - Light Industrial

AMENITIES

  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-34-302-049
Land Assessment
$260,510
Improvements Assessment
$1,283,560
Total Assessment
$1,544,070
  • Listing ID: 23686885

  • Date on Market: 7/15/2021

  • Last Updated:

  • Address: 21600 Melrose Ave, Southfield, MI 48075

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