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FedEx Freight Net Leased Offering 217 E View Dr 20,200 SF Industrial Building Mount Pleasant, PA 15666 $7,673,000 ($379.85/SF) 6.50% Cap Rate
Investment Highlights
- 20,200 SF on 9 Acres – Expanded in 2016 to Support Freight Volume Growth
- Strong Credit Guarantee – FedEx Corporation (NYSE: FDX, S&P: BBB-)
- Located in a Diverse Industrial Community with Nearby Tenants including Philips Respironics, Baker Hughes, Cintas, and Coca-Cola
- Tenant Responsibilities: Taxes, Insurance, Utilities (Landlord: Roof & Structure Only)
- Strategic Location Along I-70 (33,000 VPD) and US-119 (25,000 VPD) – 28 Miles to Pittsburgh
Executive Summary
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.
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.
Property Facts
| Price | $7,673,000 | Rentable Building Area | 20,200 SF |
| Price Per SF | $379.85 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 2001/2016 |
| Cap Rate | 6.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.7/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 18’ |
| Building Class | B | No. Dock-High Doors/Loading | 56 |
| Lot Size | 9.00 AC | ||
| Zoning | Industrial - Industrial | ||
| Price | $7,673,000 |
| Price Per SF | $379.85 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 9.00 AC |
| Rentable Building Area | 20,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2001/2016 |
| Tenancy | Single |
| Parking Ratio | 4.7/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 56 |
| Zoning | Industrial - Industrial |
Amenities
- Fenced Lot
Property Taxes
| Parcel Number | 47-04-00-0-142 | Improvements Assessment | $255,660 |
| Land Assessment | $51,010 | Total Assessment | $306,670 |
Property Taxes
Parcel Number
47-04-00-0-142
Land Assessment
$51,010
Improvements Assessment
$255,660
Total Assessment
$306,670
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FedEx Freight Net Leased Offering | 217 E View Dr
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