2225 Murray St
Sioux City, IA 51111

FedEx Freight, a $7.8 Billion Segment of FedEx Corporation The Property’s lease is guaranteed by FedEx Freight, Inc., which is the less-than-truckload(LTL) freight services segment of FedEx Corporation. This segment of the company operates 29,000 vehicles, occupies nearly 400 facilities and employs approximately 44,000. As of May 31, 2021, FedEx Freight, Inc. had revenues more than $7.8 Billion, a 10% increase over prior year, and daily shipment volume increased approximately 5%. Long-Term Commitment – 20+ Years Occupying this Location with Expansion Completed in 2016 The Tenant moved into this facility in 1998 and expanded the facility in 2016. At the time of the expansion, the Tenant extended their primary lease term by 10 years with a new expiration of August 31, 2026. The Tenant has two (2), five (5) year options with rent increases remaining. Sioux City – a Tri-State Metropolitan Area Sioux City benefits from being located at the intersection of three states; Iowa, Nebraska and South Dakota. The metropolitan area, referred to as Siouxland, serves a population of approximately 180,000 people. Diverse Local Economy and Well Performing Industrial Market Sioux City’s top 10 employers represent approximately 50% of the total employed people in the city across five different industries, including: Food Processing, Education, Retail, Healthcare and Military. In addition to the diverse local economy, the Sioux City industrial market is deceivingly large at 12.5MM square feet, a low overall vacancy rate of 4.8% and annual asking rents are increasing at 5.6%.