FedEx Ground | 7105 SE Forbes Ave
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FedEx Ground 7105 SE Forbes Ave
97,277 SF Industrial Building Topeka, KS 66619 $17,102,345 CAD ($176 CAD/SF) 6.75% Cap Rate
Investment Highlights
- INVESTMENT-GRADE CREDIT
- STRATEGIC AIRPORT LOCATION
- LEASEHOLD DEPRECIATION
- NEW LEASE RENEWAL
- LONG-TERM COMMITMENT
- STRONG INDUSTRIAL SUBMARKET 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 Ground property located at 7105 Southeast Forbes Ave, Topeka, KS 66619 (“Property”).
There are ± 6 years remaining on FedEx’s recently renewed NN lease where landlord is only responsible for roof & structure. There are ± 34 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 Topeka Regional airport, and has direct access to both I-75 and I-70.
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
There are ± 6 years remaining on FedEx’s recently renewed NN lease where landlord is only responsible for roof & structure. There are ± 34 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 Topeka Regional airport, and has direct access to both I-75 and I-70.
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 | $17,102,345 CAD | Lot Size | 8.24 AC |
Price Per SF | $176 CAD | Rentable Building Area | 97,277 SF |
Sale Type | Investment | No. Stories | 1 |
Cap Rate | 6.75% | Year Built/Renovated | 2008/2015 |
Sale Conditions | Ground Lease (Leasehold) | Tenancy | Single |
Property Type | Industrial | Parking Ratio | 0.79/1,000 SF |
Property Subtype | Distribution | No. Dock-High Doors/Loading | 20 |
Building Class | B | No. Drive In / Grade-Level Doors | 8 |
Price | $17,102,345 CAD |
Price Per SF | $176 CAD |
Sale Type | Investment |
Cap Rate | 6.75% |
Sale Conditions | Ground Lease (Leasehold) |
Property Type | Industrial |
Property Subtype | Distribution |
Building Class | B |
Lot Size | 8.24 AC |
Rentable Building Area | 97,277 SF |
No. Stories | 1 |
Year Built/Renovated | 2008/2015 |
Tenancy | Single |
Parking Ratio | 0.79/1,000 SF |
No. Dock-High Doors/Loading | 20 |
No. Drive In / Grade-Level Doors | 8 |
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PROPERTY TAXES
Parcel Number | 203-07-0-00-01-002-000 | Improvements Assessment | $6,321,727 CAD |
Land Assessment | $707,448 CAD | Total Assessment | $7,029,175 CAD |
PROPERTY TAXES
Parcel Number
203-07-0-00-01-002-000
Land Assessment
$707,448 CAD
Improvements Assessment
$6,321,727 CAD
Total Assessment
$7,029,175 CAD
zoning
Zoning Code | MIXE |
MIXE |
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FedEx Ground | 7105 SE Forbes Ave
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