March 18, 2019 – Bob Horvath, Todd Tremblay and Brian Ahrens of Horvath & Tremblay have successfully completed the sale of FedEx Ground in Brockton, Massachusetts. Horvath & Tremblay represented the 1031 exchange buyer in the transaction that closed at a sale price of $14,500,000.
FedEx Ground operates under a double net lease with over nine years of lease term remaining. The lease also features 5% rental escalations every five years throughout the base term of the lease. FedEx has demonstrated their commitment to this location as they have recently extended their lease which is corporately guaranteed by FedEx Corporation, the eighth largest logistics company in the United States.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.