Updated Oct 27, 2026
Mario Harik Of XPO Logistics Freight Inc. Acquires Industrial Asset From Bob Fordi For $17.5M
3955 East Shelby Drive
$17,500,000
$134/SF
Building Size
130,000 SF
Asset Type
Industrial
Closing
Oct 26, 2026
About this deal
AI
The property involved in the transaction is an industrial asset located at 3955 East Shelby Drive, Memphis, TN. The sale was finalized at a price of $17,500,000, encompassing a square footage of 130,000 and situated on a substantial 88-acre lot. The property is strategically positioned near Memphis International Airport.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Square Footage: 130,000
- Price Per Square Foot: $135
- Buyer: Mario Harik - XPO Logistics Freight Inc.
- Seller: Bob Fordi - Realterm
- Market: Memphis, TN
- Date of Sale: 10/26/2026
XPO Logistics Freight Inc., represented by Mario Harik, acquired the property from Bob Fordi of Realterm. This facility has been in operation by XPO for over 20 years and was purchased from Realterm's affiliate RLIF Central LLC.
On the Map
$17,500,000
$134/SF
Industrial
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Players
Bellwood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93