Year Build: 2008
Building Size: 1,064,834 SqFt.
No of Stories: 1
Total Lot Area: 24.50 Acre
No of Parking: 0
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Metal
Occupancy: 100%
Full Description
FedEx Ground provides low-cost, day-certain service to every business address in the United States and Canada, as well as residential delivery to nearly 100% of U.S. residences through its FedEx Home Delivery service. FedEx Ground operates a multiple hub-and-spoke sorting and distribution system consisting of 528 facilities, including 33 hubs, in the United States and Canada. FedEx Ground conducts its operations primarily with approximately 35,640 owneroperated vehicles and approximately 38,100 company-owned trailers. With average daily package volume above 6.9 million, FedEx Ground is the highest volume and highest yielding of the four FedEx Corp. segments which accounts for more than $11 billion in annual revenues and more than half of the Company’s operating income. While margins for FedEx Freight and FedEx Express have dipped in recent years (currently 2.1% and 4.2% respectively), FedEx Ground’s current operating margin is 16.8%. Revenue growth over the past year for FedEx Ground was 15.5% while the other two segments experienced minimal growth.