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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

Attachments

Download OM

Property Facts

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

PROPERTY TAXES

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
  • Listing ID: 34135341

  • Date on Market: 2024-12-09

  • Last Updated:

  • Address: 7105 SE Forbes Ave, Topeka, KS 66619

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