FedEx Express | 8923 Oil Ave
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FedEx Express 8923 Oil Ave
23,290 SF Industrial Building Williston, ND 58801 £4,501,390 (£193.28/SF) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017
- Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance
- FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant
- 10+ Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew
- Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods
- FedEx Express Serves Over 200 Countries and Territories Worldwide
EXECUTIVE SUMMARY
23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017
10+ Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew.
Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance
Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods
FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant
FedEx's Business Model is Well Positioned to Benefit from the E-Commerce Boom
FedEx Express Serves Over 200 Countries and Territories Worldwide
Facility Boasts 9 Drive Ins, 1 Dock High and a Clear Height of 16 Feet
Strong Location in Williston with Easy Access to US-2
Adjacent to an Additional FedEx Ship Center - Subject Property was Built to Take Advantage of the Strong Growth in the Area
Located in the Heart of the Bakken Shale Oil Boom Area
10+ Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew.
Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance
Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods
FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant
FedEx's Business Model is Well Positioned to Benefit from the E-Commerce Boom
FedEx Express Serves Over 200 Countries and Territories Worldwide
Facility Boasts 9 Drive Ins, 1 Dock High and a Clear Height of 16 Feet
Strong Location in Williston with Easy Access to US-2
Adjacent to an Additional FedEx Ship Center - Subject Property was Built to Take Advantage of the Strong Growth in the Area
Located in the Heart of the Bakken Shale Oil Boom Area
PROPERTY FACTS
| Price | £4,501,390 | Rentable Building Area | 23,290 SF |
| Price Per SF | £193.28 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 2017 |
| Net Initial Yield | 6.25% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3.22/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16 ft |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 5.91 AC | Level Access Doors | 9 |
| Price | £4,501,390 |
| Price Per SF | £193.28 |
| Sale Type | Investment |
| Net Initial Yield | 6.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.91 AC |
| Rentable Building Area | 23,290 SF |
| Number of Floors | 1 |
| Year Built | 2017 |
| Tenancy | Single |
| Parking Ratio | 3.22/1,000 SF |
| Clear Ceiling Height | 16 ft |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 9 |
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01-025-00-00-04-046 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £684,483 |
PROPERTY TAXES
Parcel Number
01-025-00-00-04-046
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£684,483
ZONING
| Zoning Code | Industrial (Industrial) |
| Industrial (Industrial) |
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FedEx Express | 8923 Oil Ave
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