3201 Airport Dr | Jamestown, NY 14701
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- LoopNet Team
3201 Airport Dr
Jamestown, NY 14701
FedEx Ship Center · Industrial Property For Sale
Investment Highlights
- Investment Grade Credit Tenant – Corporate guaranteed lease backed by FedEx Corporation (NYSE: FDX)
- Mission Critical Location – Located within Jamestown Airport, providing immediate access to shipping and distribution nationally
- Low Rent PSF – The tenant is currently paying $4 PSF. Easily replaceable rent with potential upside if the tenant were to vacate
- Passive Lease Structure – The property benefits from a passive NN lease structure with limited landlord responsibilities
- New Lease Extension – FedEx just exercised a new 3-year lease extension, demonstrating their long-term commitment to the location
- Significant Upside – The FedEx lease is subject to a Fair Market Value clause for the remaining 3-year option period
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built/Renovated | 1988/1998 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.83 AC | No. Dock-High Doors/Loading | 10 |
| Rentable Building Area | 43,875 SF |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 1.83 AC |
| Rentable Building Area | 43,875 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1988/1998 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 10 |
PROPERTY TAXES
| Parcel Number | 063889-335-000-0004-013-000 | Improvements Assessment | $1,225,000 |
| Land Assessment | $25,000 | Total Assessment | $1,250,000 |
PROPERTY TAXES
Parcel Number
063889-335-000-0004-013-000
Land Assessment
$25,000
Improvements Assessment
$1,225,000
Total Assessment
$1,250,000
zoning
| Zoning Code | 006 |
| 006 |
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