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3700 Kinsman BlvdMadison, WI 53704
FedEx
Asset ClassRetail
Deal Size$4.4 M
Cap Rate: 6.25%Access Data Room
INVESTMENT-GRADE CORPORATE GUARANTEE (NYSE:FDX)
overview of deal

Overview

  • Price: $4,400,000
  • Cap Rate: 6.25%
  • NOI: $274,924
  • Building SF: 44,200
  • Guarantor: Corporate
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Investment Highlights

STRATEGIC AIRPORT-ORIENTED LOCATION (MSN)

LOCATED 2.7 MILES FROM DANE COUNTY REGIONAL AIRPORT (MSN), SUPPORTING DISTRIBUTION EFFICIENCY

 

TENANT WITH LONG OPERATING HISTORY

FEDEX HAS BEEN OPERATING AT THIS LOCATION SINCE 1990, DEMONSTRATING COMMITMENT TO THE SITE. EXTENDED LEASE BY 12 YEARS IN 2018

 

BELOW MARKET RENT

BELOW MARKET RENT AT $6.22 / SF, COMPARED TO $8.07 / SF

 

PASSIVE NET-LEASE STRUCTURE

NET LEASE WITH LANDLORD RESPONSIBILITIES LIMITED TO ROOF AND STRUCTURE ONLY

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3700 Kinsman BlvdMadison, WI 53704

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Todd LindblomWI Broker of Record

License #: 56163-90

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