- For Sale $8,050,000
- Property Type Industrial - Manufacturing
- Property Size 153,030 SF
- Lot Size 10.62 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1988
- Year Renovated 2006
- Date Updated Jul 23, 2024
- HVAC None
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Highlights
- Strong Commitment to Location: New 7 year lease extension | Tenant has operated at this location since 2020
- Secure Double Net Lease Structure: Minimal landlord responsibilities
- Strong Credit Tenant with Guarantee: The tenant is an S&P rated BBB Investment Grade Credit Tenant with a corporate guaranty from FedEx Ground
- Below Market Rent: Tenant is occupying the building at below market rent
- Established Property with Additions: The property has a history of development, with original construction in 1988 and multiple warehouse additions in subsequent years (1994, 1996, 1997, 2000, & 2008). This indicates ongoing investment and adaptation to business needs
- New Roof Installation: A significant improvement was made with a brand new roof installed on the East portion of the building. This 57,000 SF rubber membrane roof carries a 20-year warranty from November 2020, reducing potential maintenance costs
- Spacious Property Configuration: The property spans 153,030 SF, with approximately 21,000 SF allocated for office space and around 132,000 SF dedicated to warehouse facilities. This versatile layout can accommodate various business operations
- Desirable Location: 1-mile radius boasting a household income exceeding $100,000. This suggests a strong local economy and potential customer base for businesses
- Educational Hub: Champaign is home to the University of Illinois at Urbana-Champaign
- Transportation Infrastructure: Champaign's strategic location provides easy access to major transportation routes, including Interstates 57 and 74, as well as Amtrak rail services. This connectivity is beneficial for businesses relying on efficient logistics
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Contacts
Location
Getting Around
-
Walk Score ®
22/100 Car-Dependent -
Bike Score ®
32/100 Somewhat Bikeable
- City Champaign, IL
- Neighborhood Timberline Valley South
- Zip Code 61822
Points of Interest
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Champaign-Urbana
3.72 miles
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County Market
1.53 miles
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Thorntons
1.81 miles
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Shell
1.85 miles
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Marathon
2.04 miles
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Mobil
2.08 miles
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Circle K
3.03 miles
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Phillips 66
3.03 miles
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Sam's Club
3.11 miles
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Tesla Supercharger
3.48 miles
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ChargePoint
4.60 miles
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Countryside School East Parking
1.18 miles
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Countryside School West Parking
1.20 miles
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Home Depot parking lot
3.17 miles
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Whitehall Apartments Garage
3.27 miles
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Laura Apartments Parking
3.30 miles
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Walnut and Washington
3.70 miles
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Main and Market
3.73 miles
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North First Street Lot
3.82 miles
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Parkette 151
3.92 miles
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Parkette 154
3.93 miles
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El Toro Bravo
1.16 miles
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Wienerschnitzel
1.51 miles
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Tastee Freez
1.51 miles
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McDonald's
1.51 miles
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Dunkin'
1.56 miles
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Burger King
1.60 miles
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Texas Roadhouse
1.62 miles
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Taco Bell
1.62 miles
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Niro's Gyros
1.65 miles
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Li'l Porgy's Bar-B-Q
1.68 miles
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County Market
1.58 miles
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Big Lots
1.65 miles
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Schnucks
1.74 miles
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Westgate Mall
1.83 miles
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Asian Supermarket
2.96 miles
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Ross
3.26 miles
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Meijer
3.40 miles
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Burlington
3.44 miles
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Target
3.51 miles
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Ruler Foods
3.62 miles
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Fire Station No. 4
1.45 miles
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Health Mart Pharmacy
1.57 miles
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CVS Pharmacy
1.77 miles
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Walgreens
1.87 miles
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Carle Champaign on Kirby
2.18 miles
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Fire Station #5
2.32 miles
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Carle Champaign on Mattis
2.37 miles
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Christie Clinic on Windsor
2.87 miles
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The Pavilion Behavioral Health System
2.87 miles
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Sam's Club
3.00 miles
Frequently Asked Questions
How much does FedEx Ground - Distribution Facility cost?
The space currently listed for sale at FedEx Ground - Distribution Facility asks for $8,050,000.
What is the total square footage of FedEx Ground - Distribution Facility?
FedEx Ground - Distribution Facility totals 153,030 square feet.
When was this property built?
FedEx Ground - Distribution Facility was built in 1988.
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Contact Listing Broker
Michael Gaggo
Encore Real Estate Investment Services