3606 Fosters Industrial Dr - Industrial FOR SALE


Tuscaloosa, AL 35401- West Tuscaloosa
$7,321,400 USD
415-677-0458
3606 Fosters Industrial Dr, Tuscaloosa, AL for Sale
$7,321,400 USD
Industrial - FOR SALE
1/5
null | 7% Cap Rate

3606 Fosters Industrial Dr
Tuscaloosa, AL 35401
West Tuscaloosa


HIGHLIGHTS

  • Alabama is the Tech Leader of the Southeast
  • FedEx Express is the Global Leader for Express Shipping, Making 17 Million Deliveries per Day in 220 Countries
  • FedEx Ground (now FedEx Express) is a leading North American Ecommerce Distribution Company
  • FedEx Express has an S&P BBB Bond Rating
  • New Lease Renewal

OVERVIEW

FOR ACCESS TO THE OM, PLEASE EMAIL MATT KINGSLEY (matt.kingsley@cushwake.com). Cushman & Wakefield, Inc. and Graham & Company LLC are pleased to offer for sale the 54,045 sq. ft. FedEx distribution building in Tuscaloosa, AL. The building was originally a 32,025 sq. ft. pre-leased build to suit for FedEx Ground constructed on the 7.49 acre site in 2011. The initial term was 10 years, and it commenced upon completion. At the request of FedEx Ground, the landlord expanded the building in 2015 by 22,020 sq. ft. to 54,045 sq. ft. in exchange for an extension of the initial lease term to 2025. The construction type is a pre-engineered metal building with metal standing seam roof. Over 140 FedEx Ground buildings have this construction type.

FOR SALE DETAILS

PRICE

$7,321,400 USD

PRICE/SF

$135 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Ground Distribution Building

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

31-09-32-1-001-007.007

ASK ABOUT THIS PROPERTY

Douglas LongyearCushman & WakefieldMore Info
415-677-0458

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Douglas LongyearCushman & WakefieldMore Info
415-677-0458

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