153 S Johnson Rd
Houston, PA 15342
For Lease

This land lot is currently finished with heavy duty geotech fabric and engineered mill slag. All of the usable surfaces are level and designed for heavy industrial equipment and overweight trucking. The property has a slope between two flat and finished elevations. The property has the best sight line on I-79. Extreme visibility with over 100,000+ views per day. Located in the heart of Marcellus Shale and the booming Washington County area; only 1 & 1/2 miles from Meadowlands Casino and Tanger Outlet Stores. The land is directly off of I-79 between two nearby exits (43 & 41) providing multiple and easy access. Three (3) miles north of I-70 (N/S) and five (5) miles south of new Pittsburgh Airport connector which will be fully completed in 2021. Lease option available for all or part of the available property. It is currently leased at $3,000 acre; available October 1, 2020. 2019 taxes were $6,064 with insurance at $1,150/year. The land contains 3 Phase power to site with water and sewer at the road. Thirty (30) inch diameter gas transmission line across corner of property. The owner is reporting a 7.0% cap rate with actual 2020 lease income at $28,300/month (95% capacity). New pro forma predicts full capacity income at $30,000/month. Current occupancy is approximately 50% net of all roads, rights of way and common areas.