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, PA, this 20,200 SF industrial facility sits on a 9-acre parcel and was expanded in 2016 to support growing freight volume needs. The property features durable metal construction, a standing seam metal roof, and ESFR sprinklers. With 56 dock doors and an 18-foot clear height, it is designed for optimal operational efficiency. FedEx, the creditworthy tenant, assumes responsibility for taxes, insurance, and utilities, while the landlord is responsible for roof and structure maintenance, ensuring a stable, low-maintenance investment. Offered at $7,673,000, this property generates a Net Operating Income (NOI) of $498,756, reflecting a 6.5% cap rate. The tenant, FedEx, is responsible for taxes, insurance, and utilities, while the landlord covers roof and structure maintenance. FedEx Corporation (NYSE: FDX, S&P: BBB) provides a strong credit guarantee, further enhancing the investment’s security. Additionally, the property includes scheduled 5% rent increases during each option period, ensuring a reliable source of income growth. The property’s durable metal construction and low-maintenance features, including a standing seam metal roof and ESFR sprinklers, reduce ongoing maintenance costs.

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

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.