$21.4 Million Net-Leased Property Sale in Kettleman City, CA Arranged by Marcus & Millichap

FedEx Freight Terminal, 33104 25th Ave., Kettleman City, CA

John Glass

KETTLEMAN CITY, Calif., June 12, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a brand new, freestanding, 89,880-square foot FedEx freight terminal in Kettleman City, Calif.

            John Glass, senior vice president investments in Marcus & Millichap’s San Francisco office, represented the seller. The buyer was in a 1031 exchange.

            “The facility was completed earlier this year and has a 29-year absolute triple-net lease that is guaranteed by FedEx Corporation,” says Glass. “A unique financial structure added to the attractiveness of this investment opportunity.”

Kettleman City, CA. 2008 Pop. 1,439

            

The property is located at 33104 25th Ave. in Kettleman City, Calif. Kettleman City is situated approximately halfway between Los Angeles and San Francisco.

            FedEx is an S&P BBB-rated investment-grade tenant.

For a complete copy of the company’s news release, please contact:

Ben Johnson

Marketing Director

(925) 953-1736