7701 Klier Dr S
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7701 Klier Dr S
43,258 SF Industrial Building Fairview, PA 16415 $5,000,000 ($116/SF) 7.02% Cap Rate
Investment Highlights
- Limited landlord responsibilities
- Building and grounds in pristine condition
- 5 +years remaining on lease
- Heated parking and delivery area
Executive Summary
Marcus & Millichap is pleased to exclusively present for sale to qualified buyers this single-tenant net-net leased asset.
The property is composed of a single story 43, 258 square foot light industrial building located in the Fairview Business Park on 4.5 acres, ¼ mile from I-90, southwest of Erie. The original building was built in 2002 by former ownership and subsequently purchased and enlarged by current ownership in 2015 and 2018, respectively. The grounds and building are high quality and maintained in pristine condition. Portions of the parking lot and delivery area are maintained free of ice and snow by a closed glycol radiant heating system.
The tenant, X-Cell Tool & Mold originated in 1996 by current ownership and was subsequently acquired by SyBridge Technologies in 2020. The real estate was retained by ownership which was leased back to the tenant on a NN basis for a 10-year term with limited landlord responsibilities. The rent is increased bi-annually using the CPI index.
This is a rare opportunity to acquire an immaculate property maintained in pristine condition occupied by a quality tenant that is a global technological leader backed by $9 billion in private equity.
The property is composed of a single story 43, 258 square foot light industrial building located in the Fairview Business Park on 4.5 acres, ¼ mile from I-90, southwest of Erie. The original building was built in 2002 by former ownership and subsequently purchased and enlarged by current ownership in 2015 and 2018, respectively. The grounds and building are high quality and maintained in pristine condition. Portions of the parking lot and delivery area are maintained free of ice and snow by a closed glycol radiant heating system.
The tenant, X-Cell Tool & Mold originated in 1996 by current ownership and was subsequently acquired by SyBridge Technologies in 2020. The real estate was retained by ownership which was leased back to the tenant on a NN basis for a 10-year term with limited landlord responsibilities. The rent is increased bi-annually using the CPI index.
This is a rare opportunity to acquire an immaculate property maintained in pristine condition occupied by a quality tenant that is a global technological leader backed by $9 billion in private equity.
Property Facts
| Price | $5,000,000 | Lot Size | 4.51 AC |
| Price Per SF | $116 | Rentable Building Area | 43,258 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.02% | Year Built | 2002 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.43/1,000 SF |
| Building Class | C |
| Price | $5,000,000 |
| Price Per SF | $116 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.51 AC |
| Rentable Building Area | 43,258 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Tenancy | Single |
| Parking Ratio | 1.43/1,000 SF |
PROPERTY TAXES
| Parcel Number | 21-088-099.0-006.01 | Improvements Assessment | $734,500 |
| Land Assessment | $225,500 | Total Assessment | $960,000 |
PROPERTY TAXES
Parcel Number
21-088-099.0-006.01
Land Assessment
$225,500
Improvements Assessment
$734,500
Total Assessment
$960,000
zoning
| Zoning Code | I2 (Light Industrial) |
| I2 (Light Industrial) |
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