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New FedEx Ground Distribution Building 3620 Borgen Dr

217,323 SF 4-Star Industrial Building Danville, IL 61834 For Sale

Industrial Properties Illinois Danville 3620 Borgen Dr, Danville, IL 61834

Investment Highlights

  • Long Term Lease
  • Multiple Global Brand Manufacturing & Distribution Facilities in Danville
  • University of Illinois and Purdue University are within 30 and 45 minute drives of the Subject Property
  • FedEx Ground Credit
  • Strong Agriculture Economy in the FedEx Ground Service Area
  • 2x Operational Expansion Capability within the Building

Executive Summary

To receive the offering memorandum, please contact Matthew Kingsley (matthew.kingsley@cushwake.com) (415) 306-2203
Cushman & Wakefield is pleased to offer for sale a new, fully leased +/-217,323 sq. ft. concrete tilt up distribution building in Danville, IL. The building was completed in September 2022 and rent commenced October 1st, 2022.
The building is fully leased to FedEx Ground Package System, Inc. (“FedEx Ground”) for 10 years with 5.00% rent increases every 5 years. The tenant is responsible for the cost of all operating expenses except for roof and structural maintenance, and repairs.
FedEx Ground is a leading shipper of small packages in North America with approximately 450 facilities in the U.S. FedEx Ground’s average daily shipping volume was 9.9 million packages per day in Fiscal Year 2022. FedEx Ground is the second largest subsidiary of FedEx Corporation (NYSE: FDX) with $33.7 billion in annual subsidiary Revenues. FedEx Ground is the parent company’s fastest-growing subsidiary. FedEx Corporation is ranked #39 in the Fortune 500 and has a S&P BBB bond rating.

Property Facts

Sale Type Investment NNN No. Stories 1
Property Type Industrial Year Built 2023
Property Subtype Distribution Tenancy Single
Building Class A Clear Ceiling Height 32’
Lot Size 42.57 AC No. Dock-High Doors/Loading 44
Rentable Building Area 217,323 SF
Sale Type Investment NNN
Property Type Industrial
Property Subtype Distribution
Building Class A
Lot Size 42.57 AC
Rentable Building Area 217,323 SF
No. Stories 1
Year Built 2023
Tenancy Single
Clear Ceiling Height 32’
No. Dock-High Doors/Loading 44

Utilities

  • Lighting
  • Water
  • Sewer
1 of 1

PROPERTY TAXES

Parcel Number 24-18-300-029 Improvements Assessment $0
Land Assessment $30,580 Total Assessment $30,580

PROPERTY TAXES

Parcel Number
24-18-300-029
Land Assessment
$30,580
Improvements Assessment
$0
Total Assessment
$30,580

zoning

Zoning Code I (Industrial)
I (Industrial)
(415) 677-0458

Contact

  • Listing ID: 27742825

  • Date on Market: 2/13/2023

  • Last Updated:

  • Address: 3620 Borgen Dr, Danville, IL 61834

More public record information on 3620 Borgen Dr, Danville, IL 61834

The Industrial Property at 3620 Borgen Dr, Danville, IL 61834 is currently available for sale. Contact Cushman & Wakefield for more information.

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New FedEx Ground Distribution Building | 3620 Borgen Dr
(415) 677-0458 x

New FedEx Ground Distribution Building | 3620 Borgen Dr

Douglas Longyear

(415) 677-0458

(415) 677-0458

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