fedex ground - Capital PacificFederal Express Corporation was founded in Little Rock, AR in 1971 and...

For more info on this opportunity please contact:

fedex ground

ZANDY [email protected] | (415) 274-2707 CA BRE# 01734525

KEVIN [email protected] | (503) 675-7726 OR BRE# 200003168

CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010

CHRIS [email protected] | (415) 274-2703 CA BRE# 01339983New fedex ground hub

6280 Altamont Drive, Klamath Falls, OR 97603

Representative Photo

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Investment HighlightsFEDEX GROUND IS CURRENTLY UNDER CONSTRUCTION IN KLAMATH FALLS, OREGON The subject property is located in Klamath Falls, OR, which is a city 25 miles north of the California-Oregon border. It is adjacent to the Klamath Falls airport, just off of State Hwy 140. From OR-140,

US Route 97, the main north-south artery in central Oregon connects northern California to central Washington.

RENTABLE SF . . . . 11,957 SF

PRICE PER SF . . . . $207.78

LOT SIZE . . . . . . . . 4 Acres

LEASE TYPE . . . . . . NN

YEAR BUILT . . . . . . 2014

PRICE: $2,484,437CAP: 6.25%

PROPERTY HIGHLIGHTS

> 100% leased and guaranteed by FedEx Ground, an approximately $6.0 billion dollar company, the most profitable division of FedEx Corporation

> Adjacent to the Klamath Falls Airport and just off of Highway 140

> Near the Oregon Air National Guard, which leases land from the Klamath Falls Airport

CREDIT TENANT

> FedEx Ground operates 528 facilities, including 33 hubs, in the United States and Canada

> FedEx Corporation (parent company) has an S&P rating of BBB and a net worth in excess of $17.4 billion

LEASE HIGHLIGHTS

> Brand new corporate 10 year NN lease

> Two (2) 5-year options with rental increases of 10% at commencement of 1st option and 5% at commencement of 2nd option

> Landlord is responsible for roof & structureRepresentative Photo

FEDEX | 2

LOCATION

This location benefits from its proximity to the Klamath Falls Airport, which leases 61 acres of land to the 173d Fighter Wing of the Oregon Air National Guard - Kingsley Field Air NG Base.

POPULATION

There are more than 51,100 people and 20,300 househoulds situated within a 10-mile radius of the new FedEx Ground location.

FEDEX | 3

9,100 DAILYSouthside Expressway

Joe Wright Road

S 6th Street

Mat

ney

Road

Alta

mon

t Driv

e

Was

hbur

n W

ay

140

14066

39

39

39

140

3997

97

97

REAMES COUNTRY CLUB

KLAMATH FALLS AIRPORT

Shasta Elementary

Ferguson Elementary

Mazama High School

Sterns Elementary

Peterson Elementary

Brixner Jr . High School

KLAMATH COUNTY

FAIRGROUNDS

®

GRANTS PASS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense

PRICE $2,484,437

Price Per Square Foot: $207.78

Capitalization Rate: 6.25%

Total Rentable Area (SF): 11,957

Lot Size (Acres): 4.00

STABILIZED INCOME Per Square Foot

Scheduled Rent $13.09 $156,473

Effective Gross Income $13.09 $156,473

LESS Per Square Foot

Taxes NN $0.00

Insurance NN $0.00

Roof and Structure ($0.10) ($1,196)

Total Operating Expenses ($1,196)

EQUALS NET OPERATING INCOME $155,277

Representative Photos

FEDEX | 4

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT

Yearly Rent/ FT

FedEx Ground 11,957 9/1/14 8/31/24 $156,473 $13,039 $156,473 $1.09 $13.09

9/1/24 8/31/29 Option 1 $14,343 $172,120 $1.20 $14.39

9/1/29 8/31/34 Option 2 $15,061 $180,726 $1.26 $15.11

Totals: 11,957 $156,473 $13,039 $156,473 $1.09 $13.09

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Rent Roll


FEDEX | 5

ABOUT FEDEX

FedEx Ground Package System, Inc. was incorporated into FedEx Corp in 1984 and specializes in small-package delivery to business and residences in the United States and Canada. FedEx Ground employs over 65,000 team members. The combined 2013 revenue for FedEx Ground and FedEx SmartPost was $10.6 billion, and the average daily volume is more than 4.5 million packages. There are 33 ground hubs and over 500 pickup/delivery stations.

Federal Express Corporation was founded in Little Rock, AR in 1971 and launched its first overnight delivery in 1973. The corporation operates with several subsidiaries including FedEx Express, FedEx Ground, and FedEx Freight. FedEx reaches more than 220 countries and delivers more than 10 million shipments daily via express, ground, freight, and expedited services. FORTUNE Magazine ranked FedEx No. 8 among “World’s Most Admired Companies” and No. 1 in the delivery industry (2014).

NUMBER OF EMPLOYEES 65,000

2013 REVENUE $10.6 BILLION

FedEx

FEDEX GROUND HAS 33 GROUND HUBS AND 500+ PICKUP/DELIVERY CENTERS THROUGHOUT THE U.S. AND CANADA

Property under construction


FEDEX | 6

FEDEX GROUND AND FEDEX SMART POST HAD A REVENUE OF

$10.6 BILLION IN THE 2013 FISCAL YEAR

Photos


FEDEX | 7

eugene

Regional MapKlamath Falls

Location

FEDEX

TRAFFIC COUNTS IN EXCESS OF 9,100 VPD ON

STATE HWY 140

klamath falls

portland


FEDEX | 8

KLAMATH FALLS, OR OVERVIEW

Klamath Falls is a city in Oregon located 25 miles north of the California border. As of 2012, Klamath Falls has a population of 21,000 people. It is a county seat of Klamath County, which has a population of 66,380. The city is on the southeast shore of the Upper Klamath Lake.

Klamath Falls is the commercial center for Klamath County and contiguous areas to the east and south. It serves as the retail, employment, medical, governmental, and entertainment center for the area – extending into northern California. Employment in trade, services, and government provide stability to the economy, helping offset any fluctuations in the agricultural/forestry sector.

The 173d Fighter Wing of the Oregon Air National Guard occupies 61 acres of leased land on the Klamath Falls Airport, just 4 miles southeast of the city. Two higher education institutes in Klamath Falls are Klamath Community College with 1,448 enrolled students and the Klamath Falls campus of Oregon Institute of Technology. Surrounded by mountains, the city is an excellent jumping off point for a number of different recreational activities including hiking, camping, rafting, mountain biking, skiing, and horseback riding.

Location & Demos

2013 HOUSEHOLD INCOMES

3-Mile 5-Mile 10-Mile

2010 16,454 38,621 50,3382013 16,650 39,129 51,1172018 16,657 39,201 51,340

3-Mile 5-Mile 10-Mile

Average $51,444 $50,451 $53,402Median $43,235 $38,956 $40,601

POPULATION

Employer # of Employees*Sky Lakes Medical Center 1,500State Government 1,450Local Government 1,420Jeld-Wen, Inc. 1,200*Approximate

TOP EMPLOYERS IN KLAMATH COUNTY

FEDEX | 9

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Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]

ZANDY [email protected] | (415) 274-2707 CA BRE# 01734525



KEVIN [email protected] | (503) 675-7726 OR BRE# 200003168


http://www.capitalpacific.com/

fedex ground - Capital PacificFederal Express Corporation was founded in Little Rock, AR in 1971 and...

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