For Sale
$3,000,000

304 Main Ave Warren, PA 16365

112,850 SF NNN Lease, 9.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This fee-simple industrial property in Warren, Pennsylvania offers a compelling investment opportunity. The 112,850-square-foot building, constructed in 1960 and situated on a 10.59-acre lot, is currently 100% occupied by Mauser Packaging Solutions under an absolute NNN lease. The lease, which commenced April 1, 2016, has a remaining term of approximately 1.4 years, expiring March 31, 2026. The property features seven loading docks and seven dock-high doors, reflecting its suitability for distribution, flex, and manufacturing uses. The asking price is $3,000,000, representing a price per square foot of $26.58 and a 9.5% capitalization rate based on a net operating income (NOI) of $285,138. The property is zoned for Opportunity Zone designation. The tenant, Mauser Packaging Solutions, is a credit-rated, globally recognized corporation with a corporate guarantee, providing significant financial stability. This single-tenant, net-lease investment presents a strong cash flow opportunity with potential for lease recast upon expiration. The property's location at 304 Main Ave, Warren, PA 16365, offers convenient access to transportation networks.

Highlights

  • Fee Simple Ownership: Acquire a 112,850 SF industrial property.
  • Short-Term Lease: Opportunity to renegotiate lease terms with Mauser Packaging.
  • NNN Lease & 100% Occupancy: Passive income stream with no landlord responsibilities.

Property Details for 304 Main Ave

Property type
Industrial properties, Manufacturing properties
Square Feet
112,850 SF
Class
B
Year Built
1960
Lot Size (sq. ft)
461,300 SF

Location Insight

City
Warren
County
Warren
State
Pennsylvania
Latitude
41.839488581539
Longitude
-79.153167124714

FAQs

What type of property is this?
Industrial property - 112,850 SF NNN Lease, 9.5% Cap Rate
Where is the industrial property located?
The property is located at 304 Main Ave Warren, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Fee Simple Ownership: Acquire a 112,850 SF industrial property.; Short-Term Lease: Opportunity to renegotiate lease terms with Mauser Packaging.; NNN Lease & 100% Occupancy: Passive income stream with no landlord responsibilities.
How can I contact the broker?
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304 Main Ave
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