Kingsbarn Realty Capital has acquired a FedEx Ground Distribution Center in Bowling Green.
The property was a build-to-suit for Fed Ex Ground which has leased the property for 15 years. It is located at 2490 Woodstream Drive.
The 250,000-square-feet industrial facility sits on a 49.3-acre parcel and has a clear height of 32 feet.
The building has 73 truck-docks and 10 grade-level overhead doors with a 120-foot truck court.
Kati Thompson, director of Bowling Green Economic Development said that the move doesn’t affect operations at all.
FedEx Ground is the most rapidly growing business segment of the company as it competes favorably with UPS. The large parcel will allow FedEx Ground to expand in the future at this strategically important location and demonstrates FedEx’s long-term intention of servicing this area for years to come.
Kingsbarn will offer the property for investment in a Delaware Statutory Trust structure, thereby making the fractional interests eligible as a 1031-exchange replacement property.
“This acquisition is ideal for our Delaware Statutory Trust program,” said Kingsbarn CEO Jeff Pori. “Investors are looking for industrial properties and also high-quality tenants during these turbulent times.
“The parent company for FedEx Ground is an exceptional global company with revenues over $93 billion and an S&P rating of BBB stable.”
Kingsbarn Realty Capital is a real estate centric investment house that provides institutional and accredited investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private placements, and Delaware Statutory Trusts. Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $1.5 billion of assets under management and has acquired over 250 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality.
