162 Chapman Rd - Manufacturing FOR SALE


Pleasantville, PA 16341
$3,800,000 USD
216-244-5667
162 Chapman Rd, Pleasantville, PA for Sale
$3,800,000 USD
Manufacturing - FOR SALE
1/10
null | 7.76% Cap Rate

162 Chapman Rd
Pleasantville, PA 16341


HIGHLIGHTS

  • 19 years remaining on an excellent net lease with strong credit tenant with solid financials and rent coverage ratios
  • Recent (13k SF) expansion increases square footage and reduces rent per SF
  • Tenant commitment reinforced through continued investment in the property
  • Strategic location in Pleasantville, PA with access to Route 27 and I-80 and Regional reach to Erie (1 hr), Pittsburgh (2 hrs), and Cleveland (2.5 hrs

OVERVIEW

162 Chapman Road in Pleasantville, PA 16341 offers investors a long-term net lease opportunity with approximately 19 years remaining. The property is leased to a strong credit tenant with solid financials and healthy rent coverage ratios, ensuring stable and reliable income. A recent expansion has increased the overall square footage, effectively reducing the rental rate per SF while reinforcing the tenant’s commitment to the property and enhancing investor confidence. When paired with 347 East Industrial Drive, this asset creates a compelling portfolio opportunity that provides scale, diversification, and strong marketability. Real estate acquisition will include all cranes. (Portfolio opportunities when combined with 347 Industrial Drive.)

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

7.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

57

LAND SF

2,482,920

ZONING

Not Applicable

APN/PARCEL ID

03918

ASK ABOUT THIS PROPERTY

Kevin RileyTotum Realty AdvisorsMore Info
216-244-5667

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Kevin RileyTotum Realty AdvisorsMore Info
216-244-5667

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