FedEx compound in Costa Mesa sells for $33.4 million

A large logistics complex occupied by FedEx in Costa Mesa has been sold for $33.4 million.
The 112,000-square-feet property was bought by a Santa Monica-based investment firm BLT Enterprises Inc. and sold by San Diego-based Sovereign Capital Management Group Inc.
FedEx will remain in the building until 2028. Colliers’ Institutional Investment Services Group – Western Region negotiated the sale and lease extension for FedEx.
“This transaction underscores institutional inves