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
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