For Sale
$1,650,000
2230-2232 23Rd St Erie, PA 16506
Net-leased industrial warehouse, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $1,650,000 asking price for a 10,000 SF industrial warehouse in Erie, PA.
- Net lease with investment-grade tenant Linde-Praxair (LIN, S&P: A Stable), boasting $32.7B in trailing twelve-month revenue.
- Seven-year lease commencing June 30, 2024, with two five-year renewal options at fair market value.
- 100% occupancy; $132,000 annual net operating income (NOI), representing a 7.65% cap rate.
- Located less than two miles from Erie International Airport, with a new paved bottled gas storage and loading area.
- Property features 14' ceiling height on a 0.69-acre lot; building renovated in 2024.
Property Details for 2230-2232 23Rd St
- Property type
- Warehouses, Industrial properties
- Square Feet
- 10,000 SF
- Year Built/Renovated
- 1989/2024
- Lot Size (sq. ft)
- 30,056 SF
Location Insight
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Latitude
- 42.096125
- Longitude
- -80.12599
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - Net-leased industrial warehouse, strong tenant.
- Where is the warehouse located?
- The property is located at 2230-2232 23Rd St Erie, PA.
- What is the asking price?
- The asking price for this property is $1,650,000.
- What are key features of this property?
- This property features: $1,650,000 asking price for a 10,000 SF industrial warehouse in Erie, PA.; Net lease with investment-grade tenant Linde-Praxair (LIN, S&P: A Stable), boasting $32.7B in trailing twelve-month revenue.; Seven-year lease commencing June 30, 2024, with two five-year renewal options at fair market value.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website