EXECUTIVE SUMMARY

Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive adviser in the sale of FedEx Ground (the “Property”). The 306,448 square foot state-of-the- art build-to-suit facility is situated at 5959 W Howard Street, Niles, Illinois within an established industrial park in a densely populated area with close proximity to O’Hare International Airport.

 

The Property is 100% leased to FedEx Ground Package System, Inc. (“FedEx Ground”) with 5.7 years of weighted average lease term remaining. The facility is critical to FedEx Ground’s operations and has benefited from significant tenant investment, providing stable cash flow and a high likelihood of renewal.

 

The offering provides investors with the rare opportunity to acquire a mission-critical asset fully leased to a highly recognized tenant, located in a desirable infill location.

INVESTMENT HIGHLIGHTS

  • Mission Critical Asset for FedEx Ground
  • Strategically Positioned Infill Location
  • State-of-the-Art Industrial Asset with Additional Irreplaceable Land
  • Situated within the Logistics Epicenter of the Country
  • Exceptional Chicago Industrial Market Fundamentals

OFFERING AT A GLANCE

Size: 306,448 SF
Building: 1
Tenant: FedEx Ground
Leased: 100%
WALT:

5.7 Years

Clear Height: 32'
Year Built: 2015

CONTACTS

INVESTMENT SALES

JIM CARPENTER

Vice Chair
+1 312 470 3830
jim.carpenter@cushwake.com

 

ADAM TYLER

Vice Chair

+1 312 470 1840
adam.tyler@cushwake.com

MIKE TENTERIS

Vice Chair
+1 312 470 3832
michael.tenteris@cushwake.com

 

MEGAN BARKER
Associate
+1 312 424 8202
megan.barker@cushwake.com 

 

FEDEX MARKET EXPERT

DOUG LONGYEAR

Executive Director
+1 415 705 9655
doug.longyear@cushwake.com  

LOCAL MARKET & LEASING INFORMATION

ERIC FISCHER

Executive Managing Director
+1 773 425 9818
eric.fischer@cushwake.com  

EQUITY, DEBT & STRUCTURED FINANCE

JEFF ALTENAU
Vice Chair
+1 312 470 2355
jeff.altenau@cushwake.com 

ZACH YARNOFF

Managing Director
+1 312 424 8205
zach.yarnoff@cushwake.com 

CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP

CENTRAL

Jim Carpenter

Mike Tenteris

Adam Tyler

Megan Barker

MOUNTAIN WEST

Will Strong

Michael Matchett

Molly Hunt

Dean Wiley

WEST

Jeff Chiate

Rick Ellison

Bryce Aberg

Matthew Leupold

Ashley Tassano

FLORIDA

Mike Davis

Rick Brugge

Rick Colon

Dominic Montazemi

SOUTHWEST

Jim Carpenter

Jud Clements

Robby Rieke

Madeleine Supplee

Trevor Berry

NORTHEAST

Gary Gabriel

Gerry Blinebury

Kyle Schmidt

Jon Carpenter

Graham Savage

SOUTHEAST

Stewart Calhoun

Casey Masters

Ryan Bellows

Drew Stanford