217 E View Dr - Distribution FOR SALE


Mount Pleasant, PA 15666
$8,312,600 USD
510-388-4438
217 E View Dr, Mount Pleasant, PA for Sale
$8,312,600 USD
Distribution - FOR SALE
1/8
null | 6% Cap Rate

217 E View Dr
Mount Pleasant, PA 15666


HIGHLIGHTS

  • Strategic position along key transportation corridors, I-70 and US-119, offering convenient access to the Pittsburgh metro area and regional distribut
  • Ideally situated within an established industrial community, surrounded by reputable tenants such as Philips Respironics and Coca-Cola
  • Originally constructed in 2001 and expanded in 2016, equipped with 56 dock doors, a standing seam metal roof, and ESFR sprinklers
  • Tenant responsibilities for taxes, insurance, and utilities further streamline operations, adding to the facility's long-term investment potential
  • FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment's security
  • Lease includes a 5% rent increase in 5/7/2030 to $523,695 and 5% rent increase in May 2035 to $577,372

OVERVIEW

Located at 217 East View Drive in Mount Pleasant, Pennsylvania, this 20,200 SF industrial facility sits on a 9-acre parcel. The site was expanded, and the lease was extended in 2016 to support the growing volume needs of FedEx Freight. The lease was extended again in 2026, showing commitment to the location. With 56 dock doors and an 18-foot clear height, it is designed for optimal operational efficiency. The property features a 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 assumes responsibility for taxes, insurance and utilities. Offered at $8,312,600, this property generates a Net Operating Income (NOI) of $498,756, reflecting a 6% cap rate. FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment's security. The lease includes a 5% rent increase in 5/7/2030 to $523,695. Additionally, there is a 5% rent increase in May 2035 to $577,372.

FOR SALE DETAILS

PRICE

$8,312,600 USD

PRICE/SF

$412 USD /SF

CAP RATE

6%

% 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.