For Sale
$3,300,000

11055 Parker DrIrwin, PA 15642

39,000 SF Multi-Tenant Industrial

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 39,000-square-foot, multi-tenant industrial building situated in Westmoreland County Industrial Park IV, Irwin, PA. Built in 2013, this single-story structure sits on a 9.3-acre lot, offering ample space for expansion or outdoor storage. The property boasts 100% occupancy with a strong NOI of $245,210, resulting in a 7.43% cap rate. The asking price is $3,300,000, or $1,100,000 per unit. Featuring eight loading docks and a 16-foot ceiling height, the building is ideally suited for distribution, warehouse, and manufacturing uses. The property includes 44 parking spaces and benefits from long-term leases with credit-rated tenants, including rent bumps. The permitted zoning is industrial, and the property's location within the established Westmoreland County Industrial Park IV provides excellent access to transportation and infrastructure. This is a core investment opportunity with a proven track record of strong performance and significant upside potential. The property's features, combined with its prime location and strong tenant base, make it an attractive investment for discerning buyers seeking a stable, high-yielding asset. The APN is 54-06-06-0-259. This is a NNN lease.

Highlights

  • $3,300,000 asking price for a core industrial investment.
  • 100% occupancy with a $245,210 annual NOI and a 7.43% cap rate.
  • Located in Westmoreland County Industrial Park IV, Pennsylvania.
  • Net lease investment opportunity with long-term tenants.

Property Details for 11055 Parker Dr

Property type
Warehouses, Industrial properties
Square Feet
39,000 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
405,108 SF
Units
3

Location Insight

City
Irwin
County
Westmoreland
State
Pennsylvania
Latitude
40.3341472
Longitude
-79.7724919
11055 Parker Dr, Irwin, Pennsylvania

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11055 Parker Dr
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