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For Sale | Industrial Investment Property For Sale

New FedEx Ground Distribution Building

3620 Borgen Dr
Danville, IL 61834
United States
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Building Size:
217,323 SF
Lot Size:
45.41 Acres
Year Built:
2022
Key Features
  • 10 Year Lease Term
  • FedEx Ground Credit
  • Multiple Global Brand Manufacturing Facilities in Danville
  • Strong Agriculture Economy in the FedEx Ground Service Area
  • University of Illinois and Purdue University are within 30 and 45 minute drives of the Subject Property
  • Building Expansion Potential On-Site

Cushman & Wakefield is pleased to offer for sale a new, fully leased +/-217,323 sq. ft. concrete tilt up distribution building in Danville, IL. The building was completed in September 2022 and rent commenced October 1st, 2022.

The building is fully leased to FedEx Ground Package System, Inc. (“FedEx Ground”) for 10 years with 5.00% rent increases every 5 years. The tenant is responsible for the cost of all operating expenses except for roof and structural maintenance, and repairs.

FedEx Ground is a leading shipper of small packages in North America with approximately 450 facilities in the U.S. FedEx Ground’s average daily shipping volume was 9.9 million packages per day in Fiscal Year 2022. FedEx Ground is the second largest subsidiary of FedEx Corporation (NYSE: FDX) with $33.7 billion in annual subsidiary Revenues. FedEx Ground is the parent company’s fastest growing subsidiary. FedEx Corporation is ranked #39 in the Fortune 500 and has a S&P BBB bond rating.

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Brokers

Douglas Longyear San Francisco Executive Director
Douglas Longyear

Executive Director
San Francisco, United States
Lic #00829911

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