Year Build: 2015
Building Size: 247,856 SqFt.
No of Stories: 1
Total Lot Area: 5.70 Acre
No of Parking: 0
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Metal
Occupancy: 100%
Full Description
Located on 5.69 acres, the 22,840 square foot Property is being built-to-suit for the Tenant and is scheduled to be completed and rent will commence in June 2015. The base lease term is for ten (10) years and landlord responsibility is limited to roof and structure. Annual rent at commencement will be $242,578 with approximately five percent (5%) rental increases occurring in conjunction with the exercise of each of its two (2), five (5) year options. FedEx Ground Package System, Inc., the Tenant, will occupy the Property upon commencement and it will utilize the Property as a package sorting and distribution facility servicing Southern Colorado and surrounding states. FedEx Ground Package System, Inc. is the highest yielding and most profitable segment of the FedEx Corp. and it accounts for
nearly $46 million in revenue generation per day.