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95 Demarest Dr
Wayne, NJ 07470
FedEx Ground Sorting Facility - NYC MSA · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Year Built | 2017 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | A | Clear Ceiling Height | 36’ |
| Lot Size | 5.50 AC | No. Dock-High Doors/Loading | 50 |
| Rentable Building Area | 163,253 SF | No. Drive In / Grade-Level Doors | 6 |
| No. Stories | 1 |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | A |
| Lot Size | 5.50 AC |
| Rentable Building Area | 163,253 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Tenancy | Single |
| Clear Ceiling Height | 36’ |
| No. Dock-High Doors/Loading | 50 |
| No. Drive In / Grade-Level Doors | 6 |
Amenities
- Security System
About 95 Demarest Dr , Wayne, NJ 07470
Stan Johnson Company is pleased to offer for sale to qualified investors this 163,253 square-foot, Class A, automated package sorting and distribution facility located in Wayne, New Jersey (the "Property") within the New York metro area. Capable of processing 10,000+ packages per hour on average, the Property serves as a 'last-mile' package handling center for the Northern New Jersey market. The Property is fully leased to FedEx Ground Package System, Inc. (the "Tenant"), the highest yielding and fastest growing segment of FedEx Corporation (the "Parent"). FedEx Ground accounts for over $16.5 billion in annual revenues and $2.27 billion of FedEx Corp.' s total operating income, roughly 2/3 of the overall. As of May 31, 2016, FedEx Corp. reported revenues of $50.36 billion, $3.07 billion operating income, and a net worth of $14.32 billion. The Company currently holds investment grade credit ratings of BBB/Stable (S&P) and Baa2/Stable (Moody's). The Property is located approximately 20 miles from the George Washington Bridge and Lincoln Tunnel with access to Midtown Manhattan at the 'gateway' to the United States' largest consumer market: the New York metro area. New York City's lack of developable land makes northern New Jersey's, and Wayne Township' s, volume of transportation infrastructure a crucial element in serving the region's package handling requirements.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,563,300 | |
| Land Assessment | $7,012,900 | Total Assessment | $26,576,200 |
PROPERTY TAXES
zoning
| Zoning Code | 4B-LI (Light Industrial) |
| 4B-LI (Light Industrial) |
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