11055 Parker DrIrwin, PA 15642

  • Industrial properties
  • 28,500 SF
For Sale
$3,300,000 View listing

Property Details for 11055 Parker Dr

Year built
1998
Lot size
9.30 AC
Property size (Sq ft)
28,500 SF
Property type
Industrial properties
Property subtype
Other industrial properties
APN
54-06-06-0-259
APU
5406060259

Description

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.

11055 Parker Dr, Irwin, Pennsylvania

Location Insight

City
Irwin
County
Westmoreland
State
Pennsylvania
Latitude
40.3338
Longitude
-79.7724
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$28,351
$36,300
$189,010
$225,310
-
$36,300
$189,010
$225,310

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