1123 Lee Ave - Warehouse FOR SALE


Farrell, PA 16121
$950,000 USD
216-777-2128
1123 Lee Ave, Farrell, PA for Sale
$950,000 USD
Warehouse - FOR SALE
1/34
null | 8.64% Cap Rate

1123 Lee Ave
Farrell, PA 16121


OVERVIEW

NEWER BUILD Well constructed two-tenant industrial building featuring convenient onsite parking and economical, energy-saving heating systems. With three accessible drive-in doors offering seamless access for operations, this facility ensures efficient logistics for tenants and customers. STRONG CREDIT TENANTS Two Fortune 500 companies (NASDAQ: FAST, LNCR) occupy the space while having a tenancy history of over 10 years each. Both credit rated tenants are leaders in their respective industries worldwide. (A Linde Company, S&P: A) (Fastenal, S&P: BBB+) LOCATION Strong industrial corridor with high visibility and ease access to main US routes like I-80 and I-376. The property allows for easy distribution lines and holds a strategic position being between Cleveland and Pittsburgh. STRONG MARKET FUNDAMENTALS Mercer County has very limited industrial space available, with a vacancy rate of 1.6% (according to CoStar). Most dominant subtype in the submarket is logistics closely followed by specialized space, making out tenants well positioned to to cater to surrounding businesses and enhance their operational capabilities.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

8.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

UTILITIES

Lighting, Heating

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.88

LAND SF

38,250

ZONING

Commercial

APN/PARCEL ID

52-2510

ASK ABOUT THIS PROPERTY

Pablo Garcia OlallaMatthews Real Estate Investment ServicesMore Info
216-777-2128

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Pablo Garcia OlallaMatthews Real Estate Investment ServicesMore Info
216-777-2128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.