Jackson Distribution Center
Jackson Distribution Center
As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in 108 Tomlinson Drive for sale. This 220,000 square foot industrial building is fully leased to four different tenants with a WALT of 6.35 years. The Pittsburgh market is an educational hub, driving a strong tech presence in the surrounding area. Located 25 minutes north of Pittsburgh, the building sits in the Jackson Township portion of Butler County.
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Gerard J. Blinebury, Jr., joined Cushman & Wakefield in 2001 and currently serves as Vice Chairman of the Industrial Brokerage Group and Partner in Cushman & Wakefield’s Industrial Advisory Group (IAG), specializing in the Industrial Asset Class throughout Eastern Pennsylvania. Mr. Blinebury has a broad range of experience working with institutional owners and corporate users throughout the I-81 and I-78 corridors as well as the Suburban Philadelphia Industrial Markets. This experience includes agency leasing, building sales, land sales, tenant/ buyer representation and the marketing of investment grade industrial buildings and industrial parks. Prior to joining Cushman & Wakefield, Mr. Blinebury was associated with Kissinger, Bigatel & Brower, a full-service real estate firm in State College, Pennsylvania.
- Property Type
- Industrial
- Deal Type
- Acquisition
- Risk Profile
- Core Plus
The Pittsburgh market is an educational hub, driving a strong tech presence in the surrounding area. Located 25 minutes north of Pittsburgh, the building sits in the Jackson Township portion of Butler County. Proximity to Pittsburgh and access to the PA turnpike, I-79 and Route 19 drive market growth. Butler county has a 5.7% vacancy rate and saw 440,000 SF of absorption, over the five-year average.
Well Located in a Growing Market
- Located half a mile from I-79/Route 19 and 10 minutes from the Pennsylvania Turnpike
- 25 minutes North of Pittsburgh
- Pittsburgh has recently emerged as a hub for AI, life science, education and tech
In Place Cash Flow with Value Add Potential
- $7.68/SF weighted in place rent vs market rent of $8.50
- 48% increase in NOI over 10 years
- 100% leased with 6.35 year WALT
Strong Market Fundamentals
- Butler County saw 440,000 SF of positive absorption in 2022, above 5 year average
- Current vacancy in Butler County is 5.7%, down 80bps YOY
- Only 60,000 SF of industrial under construction in the county