B+E, a specialized investment brokerage firm for net lease real estate, has recently announced the successful sale of a FedEx Ground distribution facility located in Portland’s Swan Island Industrial Park. The property was sold for $32.5 million and B+E represented the seller while also procuring the buyer – both family offices.
The cap rate achieved with this transaction sets a benchmark for FedEx until 2024. According to William Brooks, Associate Director at B+E, “We are thrilled to have achieved such an outcome on behalf of our seller despite challenges posed by high interest rates and short remaining lease term on the asset.” He further added that their competitive bid process generated multiple offers which demonstrate that there is still strong demand in the market for quality net lease industrial assets like this one.
This recent sale by B+E showcases their expertise in brokering deals within this niche sector of real estate investing. With their representation as well as procurement services proving successful once again, it is evident why they are considered leaders in this field.
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