726 Strawberry Field Rd - Industrial LAND FOR SALE


Warwick, RI 02886- Warwick/West Warwick477,418 SF
$40,251,216 USD
404-823-6360
726 Strawberry Field Rd, Warwick, RI for Sale
$40,251,216 USD
Industrial LAND - FOR SALE
1/2
477,418 SF

726 Strawberry Field Rd
Warwick, RI 02886
Warwick/West Warwick


HIGHLIGHTS

  • Investment-Grade Credit
  • Brand-New 30-Year Lease Term-
  • 2026 Build-To-Suit Construction
  • Strategic Airport Location
  • Leasehold Depreciation
  • Strong Industrial Market Fundamentals

OVERVIEW

Northmarq Commercial, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% leasehold interest in this FedEx Express Property located at T.F. Green International Airport in Providence, Rhode Island. (“Property”). There are ±30 years remaining on FedEx’s brand new NN lease where the landlord is only responsible for the paved area, CAPEX, roof & structure. There are ± 30 years of control remaining for the ground lease interest from MTAA, providing 100% leasehold depreciation. The Property features a strong logistical location situated within the T. F. Green International Airport and has direct access to both I-95 and I-295. FedEx Corporation (NYSE: FDX) holds an investment-grade BBB/Stable credit rating via S&P and boasts a current market cap of approximately $68 billion. FedEx has positioned itself to take full advantage of the explosion of e-commerce and the resultant business-to-business and business-to-consumer shipments.

FOR SALE DETAILS

PRICE

$40,251,216 USD

PRICE/ACRE

$3,672,553/AC

PRICE/SF

$84 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

South Cargo Facility

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

-

LAND ACRES

10.96 AC

LAND SF

477,418 SF

OFFSITE IMPROVEMENTS

-

ZONING

LI

APN/PARCEL ID

WARW M:321 B:0004 L:0000

ASK ABOUT THIS PROPERTY

Colin CouchNorthmarqMore Info
404-823-6360

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Colin CouchNorthmarqMore Info
404-823-6360

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