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Please note that the Securities and Exchange Commission has cautioned investors about unsolicited "mini-tender" offers for investment shares below market value. To learn more, investors may visit the SEC's site devoted to this topic at www.sec.gov/
investor/pubs/
minitend.htm. |
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FedEx Distribution Facility
North Little Rock, Arkansas |
The Property
FedEx Distribution Facility is a 56,336 rentable
square foot building comprised of a metal
warehouse/distribution structure and an attached
brick-façade single story office, an extensive
asphalt truck court and trailer park, and a separate
employee parking lot with 72 spaces. The property
is well located in one of the newest business
parks in the Little Rock market on State Highway
165, less than one mile east of the interchange
with I-440. The property is fully occupied by
FedEx Ground under a long-term lease. |
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Paladin Advantage
Paladin REIT’s initial unleveraged yield was
8.25%. Built in 2001, the building is a versatile
warehouse facility with no deferred maintenance.
The net lease with FedEx will generate solid cash
flows over the term of the lease and FedEx Corp.
is rated “BBB” by Standard & Poors. This investment is structured as a joint venture. The joint venture partner is 801FO, LLC and is not affiliated with Paladin REIT. |
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| Investment Date |
November 2005 |
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| Total Capitalization |
$4,260,000 |
| Debt |
1,950,000 |
| Equity |
2,310,000 |
| Paladin REIT Investment |
1,710,000 |
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