Two Industrial Buildings | Development Oppor 1150-1170 E Maiden St
41,641 SF Industrial Building Washington, PA 15301 $1,450,000 ($34.82/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
• 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 | $34.82 |
| 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 |
1 of 1
PROPERTY TAXES
| Parcel Number | 6000060000003201 | Improvements Assessment | $187,500 |
| Land Assessment | $355,000 | Total Assessment | $542,500 |
ZONING
| Zoning Code | Commercial Miscellaneous |
