3241-3328 Pennington Dr - Distribution FOR SALE


Wilmington, NC 28405- Northchase
$33,250,000 USD
949-608-2175
3241-3328 Pennington Dr, Wilmington, NC for Sale
$33,250,000 USD
Distribution - FOR SALE
1/1
null | 5.91% Cap Rate

3241-3328 Pennington Dr
Wilmington, NC 28405
Northchase


OVERVIEW

- 2016 Construction FedEx Ground Location | (NYSE: FDX - S&P: BBB) | $87.93 Billion in Revenue | $9.08 Billion in Revenue & $10.49 Billion in EBITDA | FedEx Ranked #49 on Fortune’s List of America’s Largest Public Companies - 16-Year Primary Term | Two Adjacent Parcels | 6.9 Years of Firm Term Remaining plus 2 (5-Year) Options | 5.00% Rental Increases at each Option & a 5.00% Rental Increase in September 2026 for 3241 parcel | NN Lease with Minimal Landlord Responsibilities - Strong North Wilmington Industrial Location | Excellent Access to I-40, I-140, & The Port of Wilmington | Expanding Industrial Market with the new 330-acre Pender Commerce Park | National Industrial Tenant Roster in Pender Commerce Park - Located 1 Mile North of Wilmington International Airport, 7 Miles North of the Port of Wilmington, and 6 miles North of Downtown Wilmington | Diverse & Dynamic Economic Center | Growing Demographics in the Immediate Trade Area | 228,074 People with an Average Household Income of $90,347 within 10 Miles

FOR SALE DETAILS

PRICE

$33,250,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Ground - Wilmington, NC

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

43

DRIVE INS

-

PARKING SPACES

409

LAND DETAILS

LAND ACRES

33.86

LAND SF

1,474,942

ZONING

-

APN/PARCEL ID

R02600-003-078-000,R03400-001-112-000

ASK ABOUT THIS PROPERTY

Karick BrownNewmarkMore Info
949-608-2175

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Karick BrownNewmarkMore Info
949-608-2175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.