Listed by Goodale & Barbieri
$13,200,000
5515 Industrial Way
Details
APN 113130551
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 103,751
Cap Rate 5.70%
NOI $753,420
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/31/2031
Rent Bumps Yes
Lease Options 2 (5-years)
Class B
Year Built 2000
Buildings 1
Acreage 14.970
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2006
Ground Lease No
Dock High Doors 19
Industrial | 5.70% CAP | 103,751 SqFt
Marketing description
5515 Industrial Way, Pasco, WA 99301 presents a rare opportunity to acquire a premier, high-volume logistics and distribution facility in the heart of the Pacific Northwest's most dynamic agricultural and industrial hub. Encompassing an expansive 103,751 square feet, this institutional-grade facility is situated on a massive 14.97-acre parcel, offering unparalleled yard space, seamless traffic circulation, and potential for future expansion. Securely anchored by a credit tenant, this property represents a stabilized, high-yield asset perfectly positioned to capitalize on the explosive growth of the Inland Northwest supply chain.
Investment highlights
- The Property is 100% leased to FedEx Express Corporation (NYSE: FDX), one of the world's leading transportation and logistics companies
- FedEx operates an extensive global network serving more than 220 countries and territories and is widely recognized as a critical component of the global supply chain
- FedEx Corporation generates approximately $88–92 billion in annual revenue and maintains a substantial market presence supported by its extensive transportation infrastructure and long-standing operating history
- The lease extends through October 31, 2031, providing investors with durable cash flow backed by an established investment-grade corporate tenant and a mission-critical facility location within the Pasco, WA market
- Tenant has occupied building since 9/1/2006
Listing Contacts
Listed by Goodale & Barbieri
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$753,420.00
$62,785.00/mo
Valuation Metrics
0
DSCR
5.71%
Cap Rate
5.71%
ROI
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