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217 E View Dr
Mount Pleasant, PA 15666
FedEx Freight · Industrial Property For Sale
Investment Highlights
- Strategic position along key transportation corridors, I-70 and US-119, offering convenient access to the Pittsburgh metro area and regional distribut
- Originally constructed in 2001 and expanded in 2016, equipped with 56 dock doors, a standing seam metal roof, and ESFR sprinklers
- FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment's security
- Ideally situated within an established industrial community, surrounded by reputable tenants such as Philips Respironics and Coca-Cola
- Tenant responsibilities for taxes, insurance, and utilities further streamline operations, adding to the facility's long-term investment potential
- Lease includes a 5% rent increase in 5/7/2030 to $523,695 and 5% rent increase in May 2035 to $577,372
Executive Summary
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 $8,674,013, this property generates a Net Operating Income (NOI) of $498,756, reflecting a 5.75% 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.
Offered at $8,674,013, this property generates a Net Operating Income (NOI) of $498,756, reflecting a 5.75% 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.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.75% | Year Built/Renovated | 2001/2016 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 4.7/1,000 SF |
| Building Class | B | Clear Ceiling Height | 18’ |
| Lot Size | 9.00 AC | No. Dock-High Doors/Loading | 56 |
| Rentable Building Area | 20,200 SF | ||
| Zoning | Industrial - Industrial | ||
| Sale Type | Investment NNN |
| Cap Rate | 5.75% |
| 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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