FedEx Freight 217 E View Dr 20,200 SF Industrial Building Mount Pleasant, PA 15666 $7,673,000 ($379.85/SF) 6.50% Cap Rate

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.