INDUSTRIAL PROPERTY SHOWCASE — FEDEX BUILDING — 100% LEASED

Defuniak Springs

300 Mossy Head Plaza Dr | FedEx Ground Flagship | 213,508 SF | $15,050,806 ($70.49/SF) | 5.85% Cap Rate

Executive Summary

Welcome to the industrial anchor of Northwest Florida’s logistics grid. This is FedEx Ground’s purpose-built facility in DeFuniak Springs, offering certainty, scale, and long-term cash flow. Spanning 213,508 square feet on 25 acres, the asset sits at the interchange of I-10 and SR-285, making it a strategic node for regional freight. Leased under a robust NNN structure—with term length, credit strength, and built-in structural design—this is not speculation; this is infrastructure investment fully aligned with a premier occupant.

Why It Works / Investment Highlights

• Single-tenant, rock-solid credit — FedEx’s lease provides durability.
• Long-term NNN structure — minimal landlord exposure, maximum predictability.
• Premium specs — 32’ clear height, ESFR sprinklers, 42 dock-high doors, 78 grade-level doors, 480V 3-phase power, wide column spacing.
• Scale & footprint — 25 acres allows operational flexibility, outdoor staging, and potential expansion.
• Logistics crossroads — immediate access to I-10 and SR-285 supports inbound/outbound efficiency.
• Cap rate integrity — 5.85% yield in a solid lease environment.
• Underwritten upside at renewal — the property is structured for income protection and growth at the next term.

Property Facts

• Price: $15,050,806
• Building Size: 213,508 SF
• Lot Size: 25.0 acres • Year Built: 2016
• Clear Height: 32’ (≈ 32’ clearance)
• Dock-High Doors: 42 • Grade-Level Doors: 78
• Drive-In Loading Positions: 12 per bay (144 total 12’ x 12’ positions)
• Column Spacing: 13 bays at 45 ft; 2 bays at 60 ft
• Office Area: ~100 ft × 80 ft built-out office including training, dispatch, restrooms
• Power: 480/277V, 3-phase
• Parking: 456 general spaces (360 interior, 22/55/19 exterior), 9 handicap
• Trailer Yard: 70 outdoor trailer storage spaces • Van Positions: 61 positions
• Zoning: Heavy Industrial (HI)
• Lease: NNN, current term with tenant, with renewal options
• NOI & Financials: Fully leased, structural yield locked

Strategic Angle

You’re not buying warehouse — you’re buying industrial backbone. In markets across the Southeast, large single-tenant assets tied to logistic leaders are the bedrock of institutional portfolios. While many investors chase flex and small-bay, this plays another game: size, credit, scale, and minimal landlord risk. The I-10 corridor is one of the rare logistic axes in panhandle Florida, and this property is not just near it — it sits in it.

As supply constraints tighten for large bay product, and as capital pools grow passive allocations into core industrial, assets like this will be sought-out assets in every fund model. This is an anchor for the region, and for the strategy.

Bottom Line

For $15.05M, you acquire a 213,508 SF FedEx Ground facility under long-term NNN lease, on 25 acres, with premium loading, power, and clearance specs—priced at $70.49/SF and yielding 5.85%. This is industrial permanence, cash flow, and logistic real estate in one package. If you intend to own core, own scale, and own certainty, this is the piece you build around.

Links

Argossy International Properties
Walton County Economic Development

Transportation Snapshot

• Cargo Air — Destin–Ft Walton Beach Airport (VPS): ~60 miles
• Cargo Rail — CSX / regional rail interchanges (Panhandle freight lines): ~20–30 miles
• Cargo Port — Port Panama City: ~70 miles

Listing Courtesy of Harry Dematatis, Fred Meyer, NAI klnb