FedEx Ground | 7105 SE Forbes Ave
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FedEx Ground 7105 SE Forbes Ave
97,277 SF Industrial Building Topeka, KS 66619 $12,065,827 ($124/SF) 6.75% Cap Rate
Investment Highlights
- INVESTMENT-GRADE CREDIT
- STRATEGIC AIRPORT LOCATION
- LEASEHOLD DEPRECIATION
- NEW LEASE RENEWAL
- LONG-TERM COMMITMENT
- STRONG INDUSTRIAL SUBMARKET FUNDAMENTALS
Executive Summary
Northmarq Commercial, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% leasehold interest in this FedEx Ground property located at 7105 Southeast Forbes Ave, Topeka, KS 66619 (“Property”).
There are ± 6 years remaining on FedEx’s recently renewed NN lease where landlord is only responsible for roof & structure. There are ± 34 years of control remaining for the ground lease interest from MTAA, providing 100% leasehold depreciation. The Property features a strong logistical location situated within the Topeka Regional airport, and has direct access to both I-75 and I-70.
FedEx Corporation (NYSE: FDX) holds an investment-grade BBB/Stable credit rating via S&P and boasts a current market cap of approximately $68 billion. FedEx has positioned itself to take full advantage of the explosion of e-commerce and the resultant business-to-business and business-to-consumer shipments
There are ± 6 years remaining on FedEx’s recently renewed NN lease where landlord is only responsible for roof & structure. There are ± 34 years of control remaining for the ground lease interest from MTAA, providing 100% leasehold depreciation. The Property features a strong logistical location situated within the Topeka Regional airport, and has direct access to both I-75 and I-70.
FedEx Corporation (NYSE: FDX) holds an investment-grade BBB/Stable credit rating via S&P and boasts a current market cap of approximately $68 billion. FedEx has positioned itself to take full advantage of the explosion of e-commerce and the resultant business-to-business and business-to-consumer shipments
Property Facts
| Price | $12,065,827 | Lot Size | 8.24 AC |
| Price Per SF | $124 | Rentable Building Area | 97,277 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.75% | Year Built/Renovated | 2008/2015 |
| Sale Conditions | Ground Lease (Leasehold) | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.79/1,000 SF |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 20 |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Price | $12,065,827 |
| Price Per SF | $124 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Sale Conditions | Ground Lease (Leasehold) |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 8.24 AC |
| Rentable Building Area | 97,277 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2008/2015 |
| Tenancy | Single |
| Parking Ratio | 0.79/1,000 SF |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 8 |
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PROPERTY TAXES
| Parcel Number | 203-07-0-00-01-002-000 | Improvements Assessment | $4,467,620 |
| Land Assessment | $499,960 | Total Assessment | $4,967,580 |
PROPERTY TAXES
Parcel Number
203-07-0-00-01-002-000
Land Assessment
$499,960
Improvements Assessment
$4,467,620
Total Assessment
$4,967,580
zoning
| Zoning Code | MIXE |
| MIXE |
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FedEx Ground | 7105 SE Forbes Ave
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