Stan Johnson Company Sells Montana Industrial Building Leased to FedEx Ground for $4.1 Million

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 22,251-square-foot industrial building leased to FedEx Ground. The property is located at 876 Blaine Street in Helena, Montana. The seller, a private investor based in Laguna Beach, California, was represented by Stan Johnson Company’s Colin Couch. The asset was purchased by a private investor from Jacksonville, Oregon. The property traded for approximately $4.1 million, reflecting a 6.10 percent cap rate.

“This asset is particularly insulated from e-commerce and recession due to the nature of FedEx Ground’s logistics operations,” said Couch, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “FedEx has positioned itself to take full advantage of the explosion of e-commerce and the resulting business-to-business and business-to-consumer shipments.”

The property was constructed as a build-to-suit for FedEx in 2014, and it is situated on 6.3 acres adjacent to the Helena Regional Airport and Interstate 15. At the time of sale, there were approximately three years remaining on the tenant’s lease.

“The property is the only major FedEx facility in the Helena metropolitan area, and it is extremely mission-critical to FedEx in servicing the area,” added Couch.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.