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217 E View DrMt Pleasant, PA 15666
FedEx Freight
Asset ClassIndustrial
Deal Size$7.67 M
Cap Rate: 6.5%Access Data Room
FedEx Freight Net Leased Offering
overview of deal

Overview

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 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, an Investment Grade tenant, assumes responsibility for taxes, insurance and utilities.

 

Offered at $7,673,000, this 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.

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Investment Highlights

  • 20,200 SF on 9 Acres – Expanded in 2016 to Support Freight Volume Growth
  • Tenant Responsibilities: Taxes, Insurance, Utilities (Landlord: Roof & Structure Only)
  • Strong Credit Guarantee – FedEx Corporation (NYSE: FDX, S&P: BBB-)
  • Strategic Location Along I-70 (33,000 VPD) and US-119 (25,000 VPD) – 28 Miles to Pittsburgh
  • Located in a Diverse Industrial Community with Nearby Tenants including Philips Respironics, Baker Hughes, Cintas, and Coca-Cola
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217 E View DrMt Pleasant, PA 15666

Sales Team

Scott ReidParaSell, Inc. - Broker

License #: PA #RM424379

(949) 942-6585scott@parasellinc.com
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