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3700 Kinsman Blvd 44,200 SF Industrial Building Madison, WI 53704 $4,135,000 ($93.55/SF) 6.65% Cap Rate
Executive Summary
Investment Grade Credit Tenant / Fortune 100 Company – The property is leased to Federal Express Corporation, a wholly owned subsidiary of FedEx Corporation (NYSE: FDX), a Fortune 100 company and one of the world’s largest transportation and logistics providers. FedEx maintains an S&P BBB credit rating and generates approximately $88 billion in annual revenue.
Functional Industrial Facility / 35+ Year Operating History – This functional ±44,200 SF single-tenant industrial facility sits on ±5.18 acres (19% building-to-land coverage), providing ample parking and outdoor storage capabilities. FedEx has occupied the property since it was built-to-suit in 1990 (35+ years), demonstrating the facility’s continued functionality and strategic importance to FedEx’s regional operations.
Attractive Basis / Favorable Upcoming Rent Increase – Investors have the opportunity to acquire this investment-grade net lease industrial asset at an attractive basis of approximately $93 PSF, significantly below replacement cost. During its most recent renewal, FedEx executed a rare 10-year lease extension featuring 16.72% and 9.92% rent increases in the renewal option periods, providing a meaningful increase in the investor’s potential return.
Prime Midwest Industrial Market / State Capital & Major University Hub - The property is strategically located along US Highway 51 near Dane County Regional Airport, Wisconsin’s second-busiest airport, and offers convenient access to the I-39/I-90/I-94 corridor. As Wisconsin’s capital, Madison is home to the University of Wisconsin– Madison, the 13th largest four-year university campus in the United States, helping support one of the Midwest’s strongest regional economies.
Functional Industrial Facility / 35+ Year Operating History – This functional ±44,200 SF single-tenant industrial facility sits on ±5.18 acres (19% building-to-land coverage), providing ample parking and outdoor storage capabilities. FedEx has occupied the property since it was built-to-suit in 1990 (35+ years), demonstrating the facility’s continued functionality and strategic importance to FedEx’s regional operations.
Attractive Basis / Favorable Upcoming Rent Increase – Investors have the opportunity to acquire this investment-grade net lease industrial asset at an attractive basis of approximately $93 PSF, significantly below replacement cost. During its most recent renewal, FedEx executed a rare 10-year lease extension featuring 16.72% and 9.92% rent increases in the renewal option periods, providing a meaningful increase in the investor’s potential return.
Prime Midwest Industrial Market / State Capital & Major University Hub - The property is strategically located along US Highway 51 near Dane County Regional Airport, Wisconsin’s second-busiest airport, and offers convenient access to the I-39/I-90/I-94 corridor. As Wisconsin’s capital, Madison is home to the University of Wisconsin– Madison, the 13th largest four-year university campus in the United States, helping support one of the Midwest’s strongest regional economies.
Property Facts
| Price | $4,135,000 | Rentable Building Area | 44,200 SF |
| Price Per SF | $93.55 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1989 |
| Cap Rate | 6.65% | Tenancy | Single |
| Property Type | Industrial | No. Dock-High Doors/Loading | 4 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 8 |
| Building Class | B | Parcel Number | 0810-283-0601-8 |
| Lot Size | 5.18 AC | ||
| Zoning | CC | ||
| Price | $4,135,000 |
| Price Per SF | $93.55 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.18 AC |
| Rentable Building Area | 44,200 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | CC |
| Parcel Number | 0810-283-0601-8 |
Amenities
- Bus Line
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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