SURMOUNT Brokers $11.9M Sale of FedEx-Leased Kentucky Facility
Event summary
- SURMOUNT arranged the $11.9M sale of an 82,754-sq-ft FedEx Ground facility in Paducah, Kentucky.
- The property traded at $144/sq ft after a 17-year hold and a new 10-year lease extension with FedEx.
- SURMOUNT's Rocco Driscoll and Anthony Bird represented the private investor seller.
- The facility sits on 10 acres with access to key Midwestern and Southeastern freight corridors.
The big picture
The transaction underscores investor appetite for long-term, credit-tenanted industrial assets, particularly in logistics hubs. SURMOUNT's role highlights the growing emphasis on portfolio optimization for private investors, where strategic timing and lease structuring can significantly enhance exit values. The $11.9M deal reflects broader trends of monetizing stabilized assets in a market favoring income-producing properties.
What we're watching
- Portfolio Rebalancing
- Whether SURMOUNT can replicate this strategic repositioning for other industrial investors.
- Investor Demand
- The pace at which credit-backed net lease assets attract buyers in secondary markets.
- Lease Structuring
- How FedEx's lease extension terms compare to other logistics tenants in similar facilities.