3700 Kinsman Blvd - Warehouse FOR SALE


Madison, WI 53704- Reindahl Park
$4,135,000 USD
310-897-0809
3700 Kinsman Blvd, Madison, WI for Sale
$4,135,000 USD
Warehouse - FOR SALE
1/6
null | 6.65% Cap Rate

3700 Kinsman Blvd
Madison, WI 53704
Reindahl Park


OVERVIEW

Investment Grade Credit Tenant / Fortune 100 Company – The property is leased to Federal Express Corporation, a wholly owned subsidiary of FedEx Corporation (NYSE: FDX), a Fortune 100 company and one of the world’s largest transportation and logistics providers. FedEx maintains an S&P BBB credit rating and generates approximately $88 billion in annual revenue. Functional Industrial Facility / 35+ Year Operating History – This functional ±44,200 SF single-tenant industrial facility sits on ±5.18 acres (19% building-to-land coverage), providing ample parking and outdoor storage capabilities. FedEx has occupied the property since it was built-to-suit in 1990 (35+ years), demonstrating the facility’s continued functionality and strategic importance to FedEx’s regional operations. Attractive Basis / Favorable Upcoming Rent Increase – Investors have the opportunity to acquire this investment-grade net lease industrial asset at an attractive basis of approximately $93 PSF, significantly below replacement cost. During its most recent renewal, FedEx executed a rare 10-year lease extension featuring 16.72% and 9.92% rent increases in the renewal option periods, providing a meaningful increase in the investor’s potential return. Prime Midwest Industrial Market / State Capital & Major University Hub - The property is strategically located along US Highway 51 near Dane County Regional Airport, Wisconsin’s second-busiest airport, and offers convenient access to the I-39/I-90/I-94 corridor. As Wisconsin’s capital, Madison is home to the University of Wisconsin– Madison, the 13th largest four-year university campus in the United States, helping support one of the Midwest’s strongest regional economies.

FOR SALE DETAILS

PRICE

$4,135,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.18

LAND SF

225,641

ZONING

CC

APN/PARCEL ID

0810-283-0601-8

ASK ABOUT THIS PROPERTY

Brett DavisMatthews Real Estate Investment ServicesMore Info
310-897-0809

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Brett DavisMatthews Real Estate Investment ServicesMore Info
310-897-0809

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