217 E View Dr - Distribution FOR SALE


Mount Pleasant, PA 15666
$7,388,982 USD
510-388-4438
217 E View Dr, Mount Pleasant, PA for Sale
$7,388,982 USD
Distribution - FOR SALE
1/2
null | 6.75% Cap Rate

217 E View Dr
Mount Pleasant, PA 15666


HIGHLIGHTS

  • 20,200 SF on 9 Acres – Expanded in 2016 to Support Freight Volume Growth
  • Tenant Responsibilities: Taxes, Insurance, Utilities (Landlord: Roof & Structure Only)
  • Strong Credit Guarantee – FedEx Corporation (NYSE: FDX, S&P: BBB)
  • Strategic Location Along I-70 (33,000 VPD) and US-119 (25,000 VPD) – 28 Miles to Pittsburgh
  • Located in a Diverse Industrial Community with Nearby Tenants including Philips Respironics, Baker Hughes, Cintas, and Coca-Cola

OVERVIEW

The Kase Group is pleased to exclusively offer a high-performing FedEx Freight logistics facility located in Mount Pleasant, Pennsylvania, within the Pittsburgh MSA. This mission-critical property is leased to FedEx Freight under a long-term NN structure, providing a reliable income stream with minimal landlord responsibilities. Delivered as a build-to-suit and expanded in 2016, the 20,200 SF facility features 56 dock doors, a concrete lot with 95 parking spaces, and sits on a 9-acre site strategically positioned near major transportation arteries. The site offers convenient access to US-119 (25,000 VPD) and I-70 (33,000 VPD), key freight corridors that connect Pittsburgh to Harrisburg, Philadelphia, and beyond. The tenant utilizes the property as a regional hub to service both the I-70 and I-76 logistics corridors. The lease commenced in May 2018, with a 12-year initial term and runs through May 2030. It includes scheduled 5% rental increases in each of the three (3) five-year renewal options. The lease is backed by a strong corporate guarantee from FedEx Corporation (NYSE: FDX), a global leader in logistics and freight solutions. Located in an All-American community with a diversified economic base, Mount Pleasant is home to a variety of industries including Coca-Cola, iron, flour, lumber, glass, and energy. The area is also supported by several advanced manufacturing and technology firms, such as Philips Respironics, Westinghouse, Baker Hughes, and Cintas. In Association with Scott Reid & ParaSell, Inc. | A Licensed Pennsylvania Broker #RB069068 All property owners and residents of Pennsylvania contact Scott Reid of ParaSell, Inc. for more information

FOR SALE DETAILS

PRICE

$7,388,982 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased FedEx Freight

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

56

DRIVE INS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

9

LAND SF

392,040

ZONING

Industrial

APN/PARCEL ID

47-04-00-0-142

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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