7105 SE Forbes Ave - Distribution FOR SALE


Topeka, KS 66619
$12,065,827 USD
404-823-6360
7105 SE Forbes Ave, Topeka, KS for Sale
$12,065,827 USD
Distribution - FOR SALE
1/3
null | 6.75% Cap Rate

7105 SE Forbes Ave
Topeka, KS 66619


HIGHLIGHTS

  • INVESTMENT-GRADE CREDIT
  • NEW LEASE RENEWAL
  • STRATEGIC AIRPORT LOCATION
  • LONG-TERM COMMITMENT
  • LEASEHOLD DEPRECIATION
  • STRONG INDUSTRIAL SUBMARKET FUNDAMENTALS

OVERVIEW

Northmarq Commercial, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% leasehold interest in this FedEx Ground property located at 7105 Southeast Forbes Ave, Topeka, KS 66619 (“Property”). There are ± 6 years remaining on FedEx’s recently renewed NN lease where landlord is only responsible for roof & structure. There are ± 34 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 Topeka Regional airport, and has direct access to both I-75 and I-70. 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

$12,065,827 USD

PRICE/SF

$124 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

FedEx Ground

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

20

DRIVE INS

8

PARKING SPACES

50

LAND DETAILS

LAND ACRES

8.24

LAND SF

358,934

ZONING

MIXE

APN/PARCEL ID

203-07-0-00-01-002-000

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 Policy.