Year Build: 2015
Building Size: 0 SqFt.
No of Stories: 1
Total Lot Area: 10.00 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: 0%
Full Description
Located on 10.00 acres, the 83,443 square foot Property is being built-to-suit for the Tenant and is scheduled to be completed and rent will commence in May 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 $623,355 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 Central Louisiana. 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.