fedex ship center and transit warehouse for sale€¦ · fedex ship center and transit warehouse...
TRANSCRIPT
The information above was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein. Any reliance on this informationis solely at your own risk.
JEFFREY HIRSCHFELD, [email protected]
Property Summary Antonoff & Co. Brokerage, Inc. | Denver, CO 80202 | 1528 Wazee Street | 303.623.0200 | antonoff.com
PROPERTY DESCRIPTIONSolid long term Investment with one of the most recognized names inshipping worldwide. Lease modified in late November, 2018 to addadditional lease term and create more tenant obligations. Fewmaintenance obligations on the part of the Landlord includingparking lot maintenance and repair, roof and structure. Property hasbeen kept in great working order by past and current ownership.Property only owned by two other groups since property developed in1988.
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 7,862 41,257 75,495
2019 Average Household Income 88,937 62,015 54,391
Businesses 593 2,371 4,156
Employees 6,420 28,633 44,489
* Demographics and Traffic Counts provided by CoStar
OFFERING SUMMARYSale Price: $3,162,000
Cap Rate: 6.31%
NOI: $199,500.00
Lot Size: 2.0 Acres
Building Size: 22,436 SF
Year Built: 1998
Year Renovated: 2015
Price / SF: $140.93
TRAFFIC COUNT
N I-25 N of E. Platteville Blvd. 27,498/vpd
W Highway 50 W of N. Elizabeth St. 43,943/vpd
North Elizabeth Street 12,000/vpd * provided by LandVision
FEDEX SHIP CENTER AND TRANSIT WAREHOUSE FOR SALE4601 N. Elizabeth Street, Pueblo West, CO 81007
The information above was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein. Any reliance on this informationis solely at your own risk.
JEFFREY HIRSCHFELD, [email protected]
Complete Highlights Antonoff & Co. Brokerage, Inc. | Denver, CO 80202 | 1528 Wazee Street | 303.623.0200 | antonoff.com
SALE HIGHLIGHTS• One (1) Five (5) year option with renewal rent escalation
determined by CPI formula;• Building was expanded to the current size in 1998 due to
increased demand and remodeled in 2015/16;• FedEx Express - 30 plus years at current location;• Early lease extension executed in November 2018 with
updates to lease terms and conditions shows FedEx'sremarkable commitment to the site long term;
• This FedEx Express serves an approximately 500 mileradius so critical to their business in this part of Colorado;
• Strength of tenant has benefited from rise of E-commercebusiness worldwide;
• FedEx commercial paper is rated A2 and senior secureddebt is rated BBB by Standard and Poors;
• Ranked #47 on 2019 Fortune 100 list!;• Ranked #55 of 100 - top most powerful brands in 2019 by
SyncForce;• Ranked #14 on 2020 Fortune World's most admired
companies;• Pueblo and vicinity offers diverse industries such as
outdoor recreation, rail, hemp, steel suppliers,manufacturing and aerospace;
• Pueblo considered most affordable city in Colorado;• Pueblo commercial market has been expanding at a
healthy rate over the past several years;• Attractive financing possible from a local bank subject to
borrower's credit rating and background - ask Jeffrey formore details;
• Nearby national retailers include Lowe's, Best Buy,Walmart Supercenter, Kohl's, Chili's, Famous Footwear,Petco, Petsmart, Dick's, Guitar Center, Wagner Equipmentrental, Cavender's Western Wear, Cracker Barrel, Ulta,Sam's Club, Home Depot, DD's Discount Store, TJ Maxx,Cinemark Theaters, Ross Dress for Less, Starbucks,Sportsman's Warehouse, and many more;
• Licensed broker of Record is also a partner in theownership of the property.
FEDEX SHIP CENTER AND TRANSIT WAREHOUSE FOR SALE4601 N. Elizabeth Street, Pueblo West, CO 81007
The information above was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein. Any reliance on this informationis solely at your own risk.
JEFFREY HIRSCHFELD, [email protected]
Retailer Map Antonoff & Co. Brokerage, Inc. | Denver, CO 80202 | 1528 Wazee Street | 303.623.0200 | antonoff.com
FEDEX SHIP CENTER AND TRANSIT WAREHOUSE FOR SALE4601 N. Elizabeth Street, Pueblo West, CO 81007
The information above was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein. Any reliance on this informationis solely at your own risk.
JEFFREY HIRSCHFELD, [email protected]
Additional Photos Antonoff & Co. Brokerage, Inc. | Denver, CO 80202 | 1528 Wazee Street | 303.623.0200 | antonoff.com
FEDEX SHIP CENTER AND TRANSIT WAREHOUSE FOR SALE4601 N. Elizabeth Street, Pueblo West, CO 81007