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Seattle & Northwest  + Portland  + Industrial  |  June 3, 2024
Jasmine Kilman
By: Jasmine Kilman

B+E Brokers Sale of Portland FedEx Property for $32M

B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million.

The cap rate establishes the 2024 benchmark cap rate for FedEx. B+E represented the seller and procured the buyer, both family offices. “We’re excited to achieve this outcome on behalf of our seller, despite an elevated interest rate environment and the short remaining lease term on the asset,” said B+E Associate Director William Brooks.

“We ran an extremely competitive bid process that generated multiple offers, showing that the market still has a voracious appetite for quality net lease industrial assets like this one.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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