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For Sale | Industrial Investment Property For Sale

New FedEx Ground Distribution Building

2968 S Hermitage Rd
Hermitage, PA 16148
United States
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Building Class:
Class A
Building Size:
250,955 SF
Lot Size:
64.41 Acres
Year Built:
2023
Key Features
  • This FedEx Ground property offers industrial property investors the following advantages:
  • - New 12 year lease term
  • - FedEx Ground credit (S&P BBB)
  • - A major equipment investment by FedEx Ground
  • - New precast concrete construction
  • - Excellent access to I-80 which runs from New York City to San Francisco.
  • - Convenient access to I-376 which connects Hermitage to Pittsburgh.
  • - Favorable EV Industry & Regional Economic Growth
  • The new LG Chem $2.8 billion battery plant.
  • The Foxconn assembly plant for the electric Monarch tractors and Kisker EVs.
  • The new TJ Maxx $160 million, 1.2 million sq. ft. distribution center.

Cushman & Wakefield is pleased to offer for sale a new ± 250,955 sq. ft. distribution building on a 64.41-acre site in Hermitage, Pennsylvania. The property will have extensive parking for employee cars and trailers.

The Property is fully leased to FedEx Ground Package System, Inc. for 12 years with a 3.00% rent increase at the start of the 7th lease year. FedEx Ground will use the facility for last mile and line haul deliveries of small packages.

The Property is fully leased to FedEx Ground. This FedEx Corporation (NYSE: FDX) subsidiary provides low-cost, ground-based delivery service to any business and residential address in the U.S. and Canada. FedEx Ground Economy, a FedEx Ground service, specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages.

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Brokers

Douglas Longyear San Francisco Executive Director
Douglas Longyear

Executive Director
San Francisco, United States
Lic #00829911

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