FedEx GroundExpiring
Shannon Lease expires in 46 days. Renewal proposal sent at $16.50/SF — awaiting corporate approval. If they don't renew, 2 backfill prospects are in pipeline.
Location
Financials
Monthly Rent
$275,000
Annual Rent
$3,300,000
Price / SF / Year
$15.00
Total Lease Value
$16,225,000
Security Deposit
$825,000
Escalation
3% annually
Term
Lease Start
June 1, 2021
Lease End
May 31, 2026
Term Length
59 months
Renewal Options
1x 5-year renewal option (unexercised)
References