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22093496
22093495

8923 Oil Ave, Williston, ND 58801

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
MP
MI MI 6501396308
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$5,836,032
462 days on market
Updated 71 days ago

FedEx Express Distribution Center

Details
Property Type Industrial
Sub Type Distribution
Square Footage 23,290
Cap Rate 6.25%
NOI $364,752
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NN
Lease Term 15.1
Lease Expiration 11/27/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options (3) Five Year Options
Price per SqFt $251
Year Built 2017
Buildings 1
Acreage 2.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/10/2017

23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017

Investment highlights

  • 23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017

  • Just Under 8 Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew.

  • Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance

  • Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods

  • FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant

  • FedEx's Business Model is Well Positioned to Benefit from the E-Commerce Boom

  • FedEx Express Serves Over 200 Countries and Territories Worldwide

  • Facility Boasts 9 Drive Ins, 1 Dock High and a Clear Height of 16 Feet

  • Strong Location in Williston with Easy Access to US-2

  • Adjacent to an Additional FedEx Ship Center - Subject Property was Built to Take Advantage of the Strong Growth in the Area

  • Located in the Heart of the Bakken Shale Oil Boom Area

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
MP
MI MI 6501396308
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$364,752.00
$30,396.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Brian Brockman
License
Bang Realty, Inc.
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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