107 Fairview Pk Dr | Elmsford, NY 10523
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107 Fairview Pk Dr
Elmsford, NY 10523
Single-Tenant Net Lease FedEx Ground · Industrial Property For Sale
Investment Highlights
- STRONG CORPORATE CREDIT (S&P: BBB) | FEDEX GROUND GUARANTY | $30+ BILLION IN FY-2021 REVENUE
- LONG-TERM COMMITMENT FROM FEDEX | 9.1 YEARS OF FIRM TERM REMAINING
- TIGHT WEST I-287 CORRIDOR SUBMARKET | LIMITED NEW CONSTRUCTION | LOW VACANCY RATE OF 3.9%
- FULLY DEPRECIABLE LEASEHOLD INTEREST | ANNUAL GROUND RENT IS ONLY $4,201 ($350 MONTHLY) | 40+ YEARS REMAINING INCLUDING OPTIONS
- PASSIVE NN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES
- MAJOR LOGISTICS HUB | DOMINANT E-COMMERCE TENANTS | FEDEX OCCUPIES 360,000 SF+ IN THE ELMSFORD SUBMARKET | ESSENTIAL LOGISTICS ASSET
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1975 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 3/1,000 SF |
| Lot Size | 1.09 AC | Clear Ceiling Height | 13 FT |
| Rentable Building Area | 15,600 SF | No. Dock-High Doors/Loading | 3 |
| No. Stories | 1 |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.09 AC |
| Rentable Building Area | 15,600 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| Clear Ceiling Height | 13 FT |
| No. Dock-High Doors/Loading | 3 |
Amenities
- Storage Space
Utilities
- Gas - Natural
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Number | 2689-007-110-00014-000-0002 | Improvements Assessment | $854,900 |
| Land Assessment | $1,107,400 | Total Assessment | $1,962,300 |
PROPERTY TAXES
Parcel Number
2689-007-110-00014-000-0002
Land Assessment
$1,107,400
Improvements Assessment
$854,900
Total Assessment
$1,962,300
zoning
| Zoning Code | PD ((Town of Greenburgh) allowing for many different use types) |
| PD ((Town of Greenburgh) allowing for many different use types) |
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