304 Main Ave - Warehouse FOR SALE


Warren, PA 16365
$3,950,000 USD
412-515-8522
304 Main Ave, Warren, PA for Sale
$3,950,000 USD
Warehouse - FOR SALE
1/9
null | 8.5% Cap Rate

304 Main Ave
Warren, PA 16365


HIGHLIGHTS

  • Absolute Net-Lease
  • Annual Lease Rate Increases of 3%
  • Corporate Guarantee
  • Year One: 8.5% Cap Rate
  • Tenant Since 2016

OVERVIEW

Colliers is please to offer for sale this fully leased 112,850 SF manufacturing center. The tenant, Mauser Packaging, recently renewed their lease for five years. The new lease rate reflects a 19% increase to their current rate, signifying the importance of this facility to their operations. Mauser Packaging Solutions has over 180 facilities world-wide. Structure as an absolute net lease, there are no landlord responsibilities, providing the future owner with a turn-key investment.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

36 Ft

DOCKS

7

DRIVE INS

2

PARKING SPACES

200

LAND DETAILS

LAND ACRES

10.59

LAND SF

461,300

ZONING

I

APN/PARCEL ID

WN-578-197000-000

ASK ABOUT THIS PROPERTY

John BilyakColliersMore Info
412-515-8522

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John BilyakColliersMore Info
412-515-8522

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