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726 Strawberry Field Rd - South Cargo Facility 10.96 Acres of Industrial Land Offered at $40,251,216 in Warwick, RI 02886
Investment Highlights
- Investment-Grade Credit
- 2026 Build-To-Suit Construction
- Leasehold Depreciation
- Brand-New 30-Year Lease Term-
- Strategic Airport Location
- Strong Industrial Market Fundamentals
Executive Summary
Northmarq Commercial, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% leasehold interest in this FedEx Express Property located at T.F. Green International Airport in Providence, Rhode Island. (“Property”). There are ±30 years remaining on FedEx’s brand new NN lease where the landlord is only responsible for the paved area, CAPEX, roof & structure. There are ± 30 years of control remaining for the ground lease interest from MTAA, providing 100% leasehold depreciation. The Property features a strong logistical location situated within the T. F. Green International Airport and has direct access to both I-95 and I-295. FedEx Corporation (NYSE: FDX) holds an investment-grade BBB/Stable credit rating via S&P and boasts a current market cap of approximately $68 billion. FedEx has positioned itself to take full advantage of the explosion of e-commerce and the resultant business-to-business and business-to-consumer shipments.
Property Facts
| Price | $40,251,216 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Industrial |
| No. Lots | 1 | Total Lot Size | 10.96 AC |
| Zoning | LI - Light Industrial | ||
| Price | $40,251,216 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 10.96 AC |
| Zoning | LI - Light Industrial |
1 Lot Available
Lot
| Price | $40,251,216 | Lot Size | 10.96 AC |
| Price Per AC | $3,672,556.20 |
| Price | $40,251,216 |
| Price Per AC | $3,672,556.20 |
| Lot Size | 10.96 AC |
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726 Strawberry Field Rd - South Cargo Facility
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