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Two Industrial Buildings | Development Oppor 1150-1170 E Maiden St

41,641 SF Industrial Building Washington, PA 15301 $1,450,000 ($35/SF) 5.21% Cap Rate

Investment Highlights

  • Long Occupancy History | Long Term Commitment
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Development Opportunity

Executive Summary

• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Nickles Bakery has been operating at the site since 1997
• Nickles Bakery’s lease features Nine 5-year options to extend, demonstrating a strong commitment to the site
• Founded in 1909 and has 20 distribution centers serving Midwestern states, Nickles Bakery has become a well-established business

Property Facts

Price $1,450,000
Price Per SF $35
Sale Type Investment NNN
Cap Rate 5.21%
Property Type Industrial
Building Class C
Lot Size 25.00 AC
Rentable Building Area 41,641 SF
No. Stories 1
Year Built 1998
Tenancy Single
Parking Ratio 2.16/1,000 SF

zoning

Zoning Code Commercial Miscellaneous
Commercial Miscellaneous
  • Listing ID: 28928277

  • Date on Market: 7/6/2023

  • Last Updated:

  • Address: 1150-1170 E Maiden St, Washington, PA 15301

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