For Sale
$5,000,000

7701 Klier DrFairview, PA 16415

Net-leased manufacturing facility, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, net-leased, 43,258-square-foot manufacturing facility situated on a 4.51-acre lot in Fairview, Pennsylvania. The property, built in 2002 with renovations completed in 2018, boasts a 15'-25' ceiling height, one loading dock with one dock-high door, and ample parking for 62 vehicles. The building is classified as Class C and features a single-story design. Currently leased to X-Cell Tool & Mold under a 10-year net-net lease (NN) commencing August 1, 2020, and expiring July 31, 2030, with approximately 5.7 years remaining. The lease includes two 5-year renewal options and incorporates biannual CPI rent increases. The property offers a compelling 7.00% cap rate with a current NOI of $350,087 and an asking price of $5,000,000 ($111 per square foot). The tenant, a global technological leader, enjoys a prime location within the Fairview Business Park, conveniently located a half-mile from I-90. The property's high-quality construction and pristine condition, including a heated parking and delivery area, further enhance its investment appeal. The property is zoned I2-Light Industrial and has a parcel number of 21-088-099.0-006.01. This fee-simple ownership opportunity provides a stable, long-term income stream with significant upside potential.

Highlights

  • $5,000,000 asking price for a net-leased industrial property.
  • 5.7 years remaining on a 10-year lease with biannual CPI rent increases.
  • High-quality, pristine condition building with heated parking and delivery area.
  • 43,258 SF single-story, fungible light industrial building on a 4.5-acre lot in Fairview, PA.

Property Details for 7701 Klier Dr

Property type
Industrial properties, Manufacturing properties
Square Feet
44,965 SF
Class
C
Year Built/Renovated
2002/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
196,456 SF
Units
1

Location Insight

City
Fairview
County
Erie
State
Pennsylvania
Latitude
42.0079123
Longitude
-80.2481593
7701 Klier Dr, Fairview, Pennsylvania

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7701 Klier Dr
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