Leased Warehouse
1051 Hurst Road Jackson, MI 49201
For Sale
Contact for pricing
For sale warehouse leased to FedEx Express Corporation with BBB credit and a listed 8.25% cap rate.
Property Size19,530 SF
Price / SF$87.86
Days on Market93
Property Features for 1051 Hurst Road
General Information
- Standard status
- Active
- Size
- 19,530 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing Agency:
Matthews
Listed By:
Alexander Harrold · License #CA 02009656
Source:
Crexi
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This for-sale warehouse/distribution facility is offered as a leased investment. The property is marketed with FedEx Express Corporation as the tenant and BBB credit, with an indicated 8.25% cap rate. The building size is listed at 19,530 square feet.
The property is located at 1051 Hurst Road in Jackson, Michigan 49201. For additional details on the lease terms and operating information, interested parties should request the offering materials.
The property is located at 1051 Hurst Road in Jackson, Michigan 49201. For additional details on the lease terms and operating information, interested parties should request the offering materials.
Key Highlights
- Warehouse built in 1998
- Leased to FedEx Express Corporation
- Leased tenant listed with BBB credit
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.6k | $11.04 |
| − Vacancy | −$21.8k | −$1.12 |
| EGI | $193.8k | $9.92 |
| − OpEx | −$58.2k | −$2.98 |
| NOI | $135.7k | $6.95 |
19,530 SF · lease $11.04/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.35M
$2.06M – $2.75M
NOI $164,759 @ 7.0% cap · market cap 9.60%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,684 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,236 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FedEx Ship Center
Courier Service
FAQs
What type of property is this?
Distribution center - For sale warehouse leased to FedEx Express Corporation with BBB credit and a listed 8.25% cap rate.
Where is this distribution center located?
The property is located at 1051 Hurst Road Jackson, MI.
What is the asking price?
The asking price for this property is $1,716,000.
What are key features of this property?
This property features: Warehouse built in 1998; Leased to FedEx Express Corporation; Leased tenant listed with BBB credit
