3620 Borgen Dr Danville, IL 61834
Fully leased distribution building occupied by Federal Express Corporation.
Type:Industrial
Property size:
217,323 SF- Added:
- Jul 15, 2025
- Days on Market:
- 263
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 3620 Borgen Dr
General Information
- Standard status
- Active
- Size
- 217,323 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2022
Listing agent Douglas Longyear License #CA 00829911
Listing office Cushman & Wakefield - San Francisco, California
Listing date Jul 15, 2025
Source Crexi
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 Cushman & Wakefield - San Francisco, California
Overview
New Danville Distribution Building
This is a new, fully leased distribution building in Danville, IL, offering approximately 217,323 square feet of space. Completed in September 2022, the concrete tilt-up building was fully leased to FedEx Ground Package System, Inc. in October 2022 for a 10-year term, with 5.00% rent increases scheduled every 5 years. The tenant is responsible for all operating expenses, excluding roof and structural maintenance and repairs. FedEx Ground, a leading small package shipper in North America with around 450 facilities in the U.S., had an average daily shipping volume of 9.2 million packages in Fiscal Year 2024. The FedEx Ground subsidiary was merged into Federal Express Corporation on June 1, 2024. The lessee for the subject property is now Federal Express Corporation, which has an S&P BBB bond rating.
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Vermilion
- State
- Illinois
- Longitude
- -87.579
- Latitude
- 40.1042
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - Fully leased distribution building occupied by Federal Express Corporation.
Where is this distribution center located?
The property is located at 3620 Borgen Dr Danville, IL.
What is the asking price?
The asking price for this property is $37,375,800.
What are key features of this property?
This property features: New distribution building completed in September 2022, and fully leased.; Leased to Federal Express Corporation (formerly FedEx Ground), a subsidiary of FedEx Corporation (NYSE: FDX).; Federal Express Corporation has an S&P BBB bond rating.
