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304 Main Ave 112,850 SF Industrial Building Warren, PA 16365 $3,950,000 ($35.00/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net-Lease
- Corporate Guarantee
- Tenant Since 2016
- Annual Lease Rate Increases of 3%
- Year One: 8.5% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $3,950,000 | No. Stories | 1 |
| Price Per SF | $35.00 | Year Built | 1960 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 8.50% | Parking Ratio | 1.77/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 36’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 7 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 10.59 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 112,850 SF | ||
| Zoning | I | ||
| Price | $3,950,000 |
| Price Per SF | $35.00 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 10.59 AC |
| Rentable Building Area | 112,850 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 1.77/1,000 SF |
| Clear Ceiling Height | 36’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I |
1 1
PROPERTY TAXES
| Parcel Number | WN-578-197000-000 | Improvements Assessment | $596,025 |
| Land Assessment | $79,425 | Total Assessment | $675,450 |
PROPERTY TAXES
Parcel Number
WN-578-197000-000
Land Assessment
$79,425
Improvements Assessment
$596,025
Total Assessment
$675,450
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