For Sale
$1,650,000
2230-2232 23Rd StErie, PA 16506
Net-leased industrial warehouse, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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
2230-2232 23Rd St, Erie, Pennsylvania
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