4400 Industry Dr Sierra Vista, AZ 85635-2239
- Commercial real estate
- 26,795 SF
- 5.91 lot acres
Feb 06, 2025
Current Use by Public Records
- FedEx Drop Box / Postal Service / Courier Service
- FedEx Ground / Trucking Company
Property Details for 4400 Industry Dr
- Year built
- 2015
- Lot size
- 5.91 lot acres
- Property size
- 26,795 SF
- Property type
- Commercial real estate
- APN
- 107-16-068A
- APU
- 10716068A
Description
This exceptional investment opportunity presents a fee-simple interest in a 26,795-square-foot FedEx Ground distribution warehouse in Sierra Vista, Arizona. Built in 2015, this property boasts a 6.00% cap rate and a strong net operating income (NOI) of $317,446. The property sits on a 5.9-acre lot and features 15 dock-high doors and a 24.5-foot ceiling height. FedEx operates under a triple-net (NNN) lease with minimal landlord responsibilities (roof and structure only), providing passive income generation. The current lease, with a remaining term of 5.8 years, includes a five-year renewal option with a 5% rent increase. The strategic location, less than 1,000 feet from US Highway 90, provides excellent access to Interstate 10, connecting to major markets like Tucson, Phoenix, and El Paso. The property's proximity to Fort Huachuca further enhances its value. The Sierra Vista submarket demonstrates strong performance with a low vacancy rate and consistent rent growth. This investment is backed by FedEx's investment-grade credit rating and their commitment to the property, evidenced by a recent lease extension. The property's design as a distribution warehouse makes it resilient to shifts in the retail landscape. The asking price is $5,290,767.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,800,000
- ML approach
- $5,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,984,000
- AI Estimate
- $4,690,000
Market price range: $1.01M - $3.98MMarket price range: $1.70M - $4.69M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $4,235,000
- OFFICE BUILDING
- $4,015,000
- RETAIL STORES
- $2,935,000
- MEDICAL BUILDING
- $2,925,000
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Location Insight
- Map
- Local Demand
- City
- Sierra Vista
- County
- Cochise
- State
- Arizona
- Longitude
- -110.252
- Latitude
- 31.5651
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA