217 E View Dr - Distribution FOR SALE


Mount Pleasant, PA 15666
$7,673,000 USD
510-388-4438
217 E View Dr, Mount Pleasant, PA for Sale
$7,673,000 USD
Distribution - FOR SALE
1/8
null | 6.5% 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

Located at 217 East View Drive in Mount Pleasant, Pennsylvania, this 20,200 SF industrial facility sits on a 9-acre parcel and was expanded in 2016 to support the growing volume needs of FedEx Freight. With 56 dock doors and an 18-foot clear height, it is designed for optimal operational efficiency. The property features durable metal construction, a standing seam metal roof, and ESFR sprinklers. The landlord is responsible for roof and structure maintenance, ensuring a stable, low-maintenance cost investment. FedEx, an investment-grade tenant, assumes responsibility for taxes, insurance, and utilities. Offered at $7,673,000, the property generates a Net Operating Income (NOI) of $498,756, reflecting a 6.5% cap rate. FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment’s security. Additionally, the property includes scheduled 5% rent increases during each option period. In association with ParaSell, Inc., P: 949.942.6578, a licensed Pennsylvania broker (#RB069068). All property owners and residents of Pennsylvania may contact Scott Reid of ParaSell, Inc. for more information.

FOR SALE DETAILS

PRICE

$7,673,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Freight Net Leased Offering

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 Notice.