Single-Tenant Office
FedEx Custom Critical - Single Tenant Regional HQ
4205 Highlander Pkwy, Richfield, OH 44286
Listing Price: $15,435,000
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
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Single-Tenant Office
FedEx Custom Critical - Single Tenant Regional HQ
Listing Price: $15,435,000
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.