1035 Executive Dr - Industrial FOR SALE
Gibsonia, PA 15044 |
$3,850,000 USD
248-318-6978
1035 Executive Dr
Gibsonia, PA 15044
HIGHLIGHTS
- Long-Term Tenancy: Tenant in place since 2016 and recently exercised a renewal option extending the lease through 2031 with 2.75% annual rent increase
- Proximity to Pittsburgh MSA: ±16 miles north of Downtown Pittsburgh with immediate access to William Flynn Highway and the PA Turnpike (Exit 39)
- Tight Industrial Market: 3% vacancy rate with positive absorption and limited new supply in the Pittsburgh Northeast Submarket
- Functional Industrial Asset: ±36,000 SF industrial/flex building with 21'-30' clear heights and one (1) 14' x 13' drive-in door
- Well-Maintained Property: Constructed in 2004 and renovated in 2016 with recent upgrades to HVAC, electrical, and building systems
- Ample Parking: 50 paved parking spaces
FOR SALE DETAILS
PRICE
$3,850,000 USD
PRICE/SF
$107 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
North Pittsburgh Sports Complex
PROPERTY TYPE
Industrial
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
UTILITIES
-
CLEAR CEILING HT
14 Ft
DOCKS
-
DRIVE INS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
3.8
LAND SF
165,528
ZONING
Light Industrial
APN/PARCEL ID
1505-S-00100-0000-00
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248-318-6978
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248-318-6978
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