Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Industrial  | 

FedEx Facility in Schertz Sells in 1031 Deal

Stan Johnson Company (SJC) completed the sale of 7012 FM 3009 in Schertz, TX. Fully leased to FedEx Freight, the 101,000-square-foot mission-critical facility traded for $25.7 million.

The seller, a California-based private investor, was represented by SJC’s Mollie Alteri, Joey Odom, Mike Sladich and Maggie Holmes. Buyer S&B Detrick LP, a private investor on a 1031 exchange, was represented by Cushman & Wakefield.

“The offering presented the buyer with an opportunity to acquire a logistically significant industrial asset on a long-term lease with a strong credit tenant,” said Alteri. “The way in which we consume and move goods has changed dramatically this cycle, and recent events related to the emergence of COVID-19 have highlighted the critical importance of logistics and distribution infrastructure.”

The property sits on nearly 33 acres, and was originally constructed in 1995 as a 77,000-square-foot build-to-suit. In 2013, it was expanded to meet increasing service demands.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With SJC’s Alteri

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action