FedEx Ground Net Leased Offering | 1755 15th Street SW
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FedEx Ground Net Leased Offering 1755 15th Street SW
42,976 SF Industrial Building Mason City, IA 50401 $5,304,658 ($123/SF) 7.75% Cap Rate
Investment Highlights
- FedEx Ground Net Leased Offering
- 100% Fee Simple Interest
- S&P Rated BBB Investment Grade Credit
- Minimal Landlord Obligations
- Recent Lease Extension Shows Commitment to the Location
- Corporate Guaranty
Executive Summary
The subject property is a 43,039 square foot building, leased to FedEx
Ground on a net lease. The recently extended lease expires in August
2029 and comes with two, 5 year option periods. The lease is
corporately guaranteed. The asset is well located in Mason City, Iowa
with easy access to US-18.
Ground on a net lease. The recently extended lease expires in August
2029 and comes with two, 5 year option periods. The lease is
corporately guaranteed. The asset is well located in Mason City, Iowa
with easy access to US-18.
Property Facts
| Price | $5,304,658 | Rentable Building Area | 42,976 SF |
| Price Per SF | $123 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2003 |
| Cap Rate | 7.75% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 30 FT |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 5.10 AC |
| Price | $5,304,658 |
| Price Per SF | $123 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 5.10 AC |
| Rentable Building Area | 42,976 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Tenancy | Single |
| Clear Ceiling Height | 30 FT |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 07-17-251-00-400 | Improvements Assessment | $1,884,580 |
| Land Assessment | $179,160 | Total Assessment | $2,063,740 |
PROPERTY TAXES
Parcel Number
07-17-251-00-400
Land Assessment
$179,160
Improvements Assessment
$1,884,580
Total Assessment
$2,063,740
zoning
| Zoning Code | Light Industrial |
| Light Industrial |
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FedEx Ground Net Leased Offering | 1755 15th Street SW
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