41,814 SF Warehouse for Rent in Erie, PA

Warehouse Description

This investment-grade property is leased to FedEx, a subsidiary of FedEx Corporation, which boasts an impressive $42.1 billion in revenue and holds an S&P credit rating of BBB. FedEx has been occupying the building since 1999 and has consistently exercised its renewal options, demonstrating their long-term presence.

The property is strategically situated near major interstates, providing convenient access to Pittsburgh, Cleveland, and other metropolitan areas. Erie International Airport is located within 2.2 miles, offering FedEx daily flight capabilities. Additionally, the Port of Erie provides access to the St. Lawrence Seaway and international waters.

Built in 1998, this build-to-suit property features metal on block construction and offers 20'-22' clear heights. It has three grade-level loading doors and three dock-high loading doors, with the potential for expansion by up to 12,000 SF. The building coverage is currently at 20%.

As a mission-critical port city, Erie serves as the region's import and export hub, generating significant economic activity. FedEx is the only dedicated air cargo airline at Erie International Airport and the only FedEx Express location within 75 miles.

The surrounding workforce-rich neighborhood provides ample labor availability for FedEx's operations. Overall, this property offers a stable investment opportunity with a reliable tenant, strategic location, and potential for expansion and value-add opportunities.