21600 Melrose Ave - Warehouse FOR SALE
Southfield, MI 48075 |
21600 Melrose Ave
Southfield, MI 48075
HIGHLIGHTS
- Investment Grade Tenant – Federal Express Corporation (NYSE: FDX) Reported Total Revenues of $84 Billion, Operating Income of $5.86 Billion
- Tenant Currently Holds a BBB/A-2 Stable Credit Rating
- Long-Term Commitment to Site – FedEx Express Has Operated at This Site Since 1991; Recent Lease Renewal Extended Lease Term Until July 2030
- Corporate Guaranteed Net Lease – Lease Features Minimal Landlord Responsibility Limited to Roof and Structure
- Major Repairs to Building and Parking Lot Were Completed in 2016
- Premier Location With Strong Accessibility – Situated Right in the Heart of the Detroit Suburban Warehouse and Industrial Park
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
FedEx Express
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
undefined, Distribution, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
UTILITIES
-
CLEAR CEILING HT
18 Ft
DOCKS
3
DRIVE INS
7
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
24-34-302-049
