For access to the OM, please email Matthew Kingsley (matthew.kingsley@cushwake.com) Cushman & Wakefield and GLD Commercial are pleased to offer for sale the 346,062± sq. ft. Amazon distribution building on a 37.49-acre site in Iowa City, Iowa. The property has extensive parking for employee cars, delivery vans and truck trailers. The Property is fully leased to Amazon.com Services LLC and guaranteed by Amazon.com, Inc. (NasdaqGS: AMZN) (S&P: AA-). Amazon uses the facility as a delivery station. Amazon originally signed a 5 year and 5 month lease. Amazon just exercised its first renewal option for a 5-year extension which begins April 1, 2025. Amazon has two 5-year renewal options. The rent during the renewals will be at fair market rent. We believe Amazon will continue to renew this lease since the property offers abundant parking and expansion potential. The primary population centers served by the Amazon Iowa City Delivery Station are the Cedar Rapids metro area with approximately 276,000 people and the Iowa City metro area with approximately 175,000 people. The combined population of these two MSA’s is 451,000. Cedar Rapids and Iowa City are only 27 miles apart. Cedar Rapids has a remarkably diverse set of industries and companies that position the area for healthy growth in the future. The primary industries include defense, financial services, food processing and manufacturing, advanced manufacturing and biosciences. A representative sampling of the companies include Collins Aerospace, Raytheon, Transamerica, Aegon, Quaker Oats, ADM, General Mills, Cargill, Heinz, Ralston, Whirlpool and DuPont to name a few. Recent and New Activity in Cedar Rapids: - A Google developer purchased land and started grading for a new $560 million Google data center. - Sub-Zero is building a $140 million, 614,000 sq. ft. manufacturing facility. - Alro Steel just completed a 197,000 sq. ft. steel manufacturing facility. - FedEx Ground recently occupied a new $108 million 480,000 sq. ft. build to suit distribution building. The University of Iowa, a Big 10 Conference school, is located in Iowa City.