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Single-Tenant Office

FedEx Custom Critical - Single Tenant Regional HQ

4205 Highlander Pkwy, Richfield, OH 44286

Listing Price: $15,435,000

Cap Rate
7.15%
Gross SF
70,773
Rentable SF
70,773
Price/Gross SF
$218.09
Lot Size
6.72 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present for sale FedEx Custom Critical in Richfield, Ohio. This 70,773 square foot, built out to FedEx Custom Critical specifications, is situated in Northern Ohio. Strategically located between the Akron/Canton and Cleveland MSA’s on 6.72-acre parcel. A 10-year lease was executed in late 2023 and has the term extending through year end 2033. The lease has annual 2 percent rental escalations yearly which is very rare for FedEx Corporate leases. The lease is also guaranteed by FedEx Corporation which carries an investment grade rating of BBB by Standard & Poor’s. Two five-year options remain for FedEx to stay in a key facility location for FedEx Custom Critical which has been in the strategic area for decades.

Investment Highlights

  • 100 Percent Occupied to Single Tenant, 70,773 Square Foot Class-A Property on 6.72 Acres
  • Rare - Brand New 10-Year Lease with 2 Percent Annual Escalations and carries the Investment Grade Corporate Guarantee, FedEx Corporation - Standard & Poor's BBB Rated
  • Located within Close Proximity to Numerous Modes of Transportation Including Interstate Highways (I-271, I-77, and I-80
  • 2022 Population of 224,057 and Average Household Income of $143,168 Within a Five Mile Radius

Exclusively Listed By

Financing By

Single-Tenant Office

FedEx Custom Critical - Single Tenant Regional HQ

Listing Price: $15,435,000

Cap Rate
7.15%
Gross SF
70,773
Rentable SF
70,773
Price/Gross SF
$218.09
Lot Size
6.72 acres
Year Built
2006

Investment Highlights

  • 100 Percent Occupied to Single Tenant, 70,773 Square Foot Class-A Property on 6.72 Acres
  • Rare - Brand New 10-Year Lease with 2 Percent Annual Escalations and carries the Investment Grade Corporate Guarantee, FedEx Corporation - Standard & Poor's BBB Rated
  • Located within Close Proximity to Numerous Modes of Transportation Including Interstate Highways (I-271, I-77, and I-80
  • 2022 Population of 224,057 and Average Household Income of $143,168 Within a Five Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale FedEx Custom Critical in Richfield, Ohio. This 70,773 square foot, built out to FedEx Custom Critical specifications, is situated in Northern Ohio. Strategically located between the Akron/Canton and Cleveland MSA’s on 6.72-acre parcel. A 10-year lease was executed in late 2023 and has the term extending through year end 2033. The lease has annual 2 percent rental escalations yearly which is very rare for FedEx Corporate leases. The lease is also guaranteed by FedEx Corporation which carries an investment grade rating of BBB by Standard & Poor’s. Two five-year options remain for FedEx to stay in a key facility location for FedEx Custom Critical which has been in the strategic area for decades.

Exclusively Listed By

Financing By

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