3600 S County Road 1276 | Midland, TX 79706
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- LoopNet Team
3600 S County Road 1276
Midland, TX 79706
FedEx Ship Center · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Fully guaranteed lease by Federal Express Corporation (NYSE: FDX), the world’s largest commerce provider.
- The tenant is operating under a net lease structure in which FedEx is directly responsible for all operating expenses.
- The Property is located directly across the street from Midland International Airport, the only major airport in this area of Texas.
- Property was a build-to-suit for the tenant in 1982 and since then, FedEx has extended the lease on five separate occasions, most recently in 2020.
- Located within the state of Texas, offering buyers the opportunity to invest in a business-friendly environment where there is no state income tax.
- FedEx Corporation has positioned itself to take full advantage of the explosion of e-commerce and the resultant increase in shipping activity.
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1982/2016 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.99/1,000 SF |
| Lot Size | 2.37 AC | Clear Ceiling Height | 18’ |
| Rentable Building Area | 17,246 SF | No. Dock-High Doors/Loading | 5 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 7 |
| Zoning | TP | ||
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 2.37 AC |
| Rentable Building Area | 17,246 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1982/2016 |
| Tenancy | Single |
| Parking Ratio | 3.99/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | TP |
PROPERTY TAXES
| Parcel Number | R000026-587 | Improvements Assessment | $780,350 |
| Land Assessment | $71,100 | Total Assessment | $851,450 |
PROPERTY TAXES
Parcel Number
R000026-587
Land Assessment
$71,100
Improvements Assessment
$780,350
Total Assessment
$851,450
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