Property

3201 Columbia Rd, Richfield OH

The property is a ±233,000 SF distribution facility situated on 32.45 acres with access to the Northeast Ohio logistics network, ideally located at the intersection of Interstates 77 and 80—equidistant to both Cleveland and Akron. The site has been 100% leased by FedEx Ground since its original build-to-suit delivery in 2001, with the lease fully guaranteed by FedEx Corp. (S&P: BBB) through September 2031. Over the past two decades, FedEx has demonstrated a strong commitment to this location—executing four lease extensions, expanding the facility in 2010, and adding a dedicated security building in 2019. They have also made significant capital investments in automated conveyor and sorting infrastructure throughout the building in recent years, reinforcing the site’s strategic importance to their national network. Located in a tight industrial submarket with sub-3% vacancy, the property is well positioned as a durable, logistics-focused asset in a supply-constrained, high-demand corridor.

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