FEDEX Express Facility | Last Mile Distribution Building
1701 Hawkins Blvd El Paso, TX 79925
Price: $4,100,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 2000
NOI: $285,600
Lot Size: 5.40 acres
Price Per Foot: $76
Lease Type: Double-Net (NN)
Remaining Term: 7+ Years
GLA: 59425 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale the leasehold interest (on airport) in a FedEx Express investment property located in El Paso, TX (the “Property”). Built in 2000 as a build to suit for FedEx, the Property consists of a 59,425-square-foot building that sits on an approximately 5.401-acre parcel. The building features (12) loading doors, expansive parking, and (4) entrances onto the property.
FedEx has been operating at this location for 20 years and extended the lease an additional ten years in January 2018, demonstrating their commitment to the site. The double-net (NN) lease features a 5-year renewal option at fair market rent, and based on the ideal location and history of renewals, an extension seems likely.