Wilmerding Beverage | 750 Airbrake Ave
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Wilmerding Beverage 750 Airbrake Ave
8,000 SF 100% Leased Retail Building Wilmerding, PA 15148 $190,000 ($24/SF) 5.69% Cap Rate
Investment Highlights
- Vacant 2nd Floor Warehouse - 753 Middle Ave. Wilmerding PA
Executive Summary
-5,000 SF FULLY TENANTED First Floor Warehouse, 15' Ceiling Height, 12' x 12' Grade Level Garage Door, 12' x 14' Grade Level Garage Door, Two Interior Loading Docks, Enclosed Office. 3,000 SF VACANT Second Floor Warehouse Space, 12' x 12' Grade Level Garage Door, Street Level Access From Middle Avenue, Enclosed Office. Second floor ready for new tenant or owner occupant. Three Phase Electric Available. Great Location! Easy Access to US Route 30, PA Route 48 & PA Route 130.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$15,000
|
$1.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$15,000
|
$1.88
|
| Taxes |
$3,038
|
$0.38
|
| Operating Expenses |
$150
|
$0.02
|
| Total Expenses |
$3,188
|
$0.40
|
| Net Operating Income |
$11,812
|
$1.48
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $1.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $1.88 |
| Taxes | |
|---|---|
| Annual | $3,038 |
| Annual Per SF | $0.38 |
| Operating Expenses | |
|---|---|
| Annual | $150 |
| Annual Per SF | $0.02 |
| Total Expenses | |
|---|---|
| Annual | $3,188 |
| Annual Per SF | $0.40 |
| Net Operating Income | |
|---|---|
| Annual | $11,812 |
| Annual Per SF | $1.48 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1900
Price
$190,000
Price Per SF
$24
Cap Rate
5.69%
NOI
$10,811
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
1.41
Lot Size
0.13 AC
Opportunity Zone
Yes
Frontage
48 FT on Airbrake Ave.
Amenities
- 24 Hour Access
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Bearco Signs
- -
- 5,000 SF
- $6.00
- Plus Electric
- Jul 2023
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Bearco Signs | - | 5,000 SF | $6.00 | Plus Electric | Jul 2023 |
PROPERTY TAXES
| Parcel Number | 0545-J-00131-0000-00 | Total Assessment | $74,900 (2024) |
| Land Assessment | $34,700 (2024) | Annual Taxes | $3,038 ($0.38/SF) |
| Improvements Assessment | $40,200 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0545-J-00131-0000-00
Land Assessment
$34,700 (2024)
Improvements Assessment
$40,200 (2024)
Total Assessment
$74,900 (2024)
Annual Taxes
$3,038 ($0.38/SF)
Tax Year
2023
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Wilmerding Beverage | 750 Airbrake Ave
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