Excellent FedEx Ground
For Sale
Contact for pricing
1748 Wolverine Pkwy, Gaylord, MI 49735
FedEx Ground facility in Gaylord, Michigan. New roof.
Property Size50,164 SF
Price / SF$109.64
Days on Market862
Property Features for 1748 Wolverine Pkwy
General Information
Standard status
Active
Size
50,164 SF
Class
B
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$357,971
Building Details
Year Built
2006
Year Renovated
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Laurex Real Estate
Listed By:
Todd Smith · License #MI
Source:
Crexi
Added: Apr 11, 2024
Changed: Aug 19
Last Checked: Aug 20 at 7:26AM
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 Laurex Real Estate
Investment Insights
Based on property information with market context.
This property is an outstanding FedEx Ground facility located in Gaylord, Michigan, serving all of northern Michigan. FedEx has recently exercised their first 5-year option to renew. The facility is in excellent condition, with limited landlord responsibilities covering the roof and outer walls. A new complete roofing system with a 10-year warranty has been installed on the entire building. The property size is 50164 square feet. The owner is retiring and wishes to sell after owning the property for the past 15 years. This property is intended for use as a distribution center and other commercial real estate purposes.
Key Highlights
- Leased to FedEx Ground, a major tenant.
- FedEx recently exercised their first 5‑year renewal option.
- New complete roofing system with a 10‑year warranty.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 49735, MI
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - FedEx Ground facility in Gaylord, Michigan. New roof.
Where is this distribution center located?
The property is located at 1748 Wolverine Pkwy Gaylord, MI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Leased to FedEx Ground, a major tenant.; FedEx recently exercised their first 5‑year renewal option.; New complete roofing system with a 10‑year warranty.**
