Permits for a new FedEx distribution center being planned in Louisville, KY give us some insight into the costs of setting up these crucial delivery hubs. The plans call for a 303,458 square foot facility (the entire campus will be spread out on approximately 46 acres) on land purchased by an industrial development company in December 2014 for $6.9 million. Numerous FedEx distribution centers around the U.S. are this same size – for example, Memphis, TN and Oceanside, CA – so we can think of this Louisville project as “typical.”
Here’s a look at the costs, from the ground up:
- $6.9 million: cost of 46 acres of land, being purchased by a development company (Setzer Properties Zelo LLC)
- $1 million: valuation of the structural foundation. It will cover the area of about 6.5 football fields.
- $19 million: the building itself, with nothing inside.
- $1.2 million: the HVAC system, made up of a series of fans, infrared heaters, gas and electrical heaters, and A/C units.
- $1.5 million: 3,071 square foot guard building at the entrance to the facility.
- $1.5 million: 5,200 square foot vehicle maintenance garage.
Total: $31.1 million. Construction is being executed by Brett Construction Co. The new distribution center is likely to employ about 650 people by the time it opens in 2016.
Check out the full property info for the new FedEx center at 12900 Plantside Dr.
image via Boldt Construction of FedEx distribution center in Oshkosh, WI
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