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Matthews Brokers Sale of Missouri FedEx Ground Facility
Matthews Real Estate Investment Services brokered the $7.83-million sale of a FedEx Ground facility at 3752 Enterprise Ave, Joplin, MO. The transaction was handled by associate Brett Davis and senior director Alexander Harrold.
The seller, a Matthews private client, sold the FedEx location to consolidate its core real estate investment portfolio and was motivated by the high price points currently seen in the industrial market. The buyer, a private investor, was interested in growing industrial portfolio throughout the U.S. The buyer received a strong asset leased to a credit tenant with future expansion capabilities.
“Both the seller and buyer achieved their investment goals,” said Harrold. “This sale further portrays the increasing demand for credit leased industrial facilities.”
- ◦Sale/Acquisition