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FedEx Ground Net Leased Offering 1755 15th Street SW
42,976 SF Industrial Building Mason City, IA 50401 $5,075,444 ($118.10/SF) 8.10% 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
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 | $5,075,444 | Rentable Building Area | 42,976 SF |
| Price Per SF | $118.10 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2003 |
| Cap Rate | 8.10% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 30’ |
| 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 | $5,075,444 |
| Price Per SF | $118.10 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| 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’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Transportation and Warehousing
- -
- -
-
Jan 0000
For decades, FedEX Ground has been innovating to deliver more for people. Strengthening supply chains with their global network. Simplifying logistics. Enhancing tracking and visibility. And using data from every journey to make every experience better. They use core values to create smarter supply chains. Flexibility, efficiency, and intelligence are at the heart of their efforts. They help businesses streamline operations with logistics services, automation, and supply chain visibility. They focus on sustainability initiatives like reducing emissions, and enabling businesses to track their carbon footprints.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Transportation and Warehousing | - | - | Jan 0000 |
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
ZONING
| Zoning Code | Light Industrial |
| Light Industrial |
Presented by
FedEx Ground Net Leased Offering | 1755 15th Street SW
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