Industrial Distribution
2503 S Main St Mansfield, PA 16933
For Sale
Contact for pricing
Modern industrial building with eight at-grade doors, interior dock, overhead cranes, and 30-foot clear height.
Property Size74,850 SF
Price / SF$86.84
Days on Market1115
Property Features for 2503 S Main St
General Information
Standard status
Active
Size
74,850 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Corning \ Elmira
(607) 738-8458
Listed By:
Michael Manzari, SIOR, CCIM
(607) 738-8458
Source:
Moodyscre
Added: Jul 12, 2023
Changed: Jul 28
Last Checked: Jul 28 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Pyramid Brokerage - Corning \ Elmira
Investment Insights
Based on property information with market context.
Built in 2013, this industrial distribution facility is reported to be in immaculate condition and offers extensive material-handling and office space. The building features multiple at-grade doors, including one at a grade door with an interior dock and leveler, plus 30-foot clear height. Crane capacity includes four 15-ton overhead cranes and five 1–3 ton jib cranes, along with a truck wash bay.
On-site office accommodations include a front office suite with 19 offices, a secure reception area, conference rooms, kitchen/break area, two ADA restrooms, and a data room. There are also rear offices for shop support, with eight offices, one ADA restroom, and an additional kitchen/break area.
Outside, the property includes a large fenced area with a concrete/gravel parking lot, supporting vehicle and equipment storage or staging needs.
On-site office accommodations include a front office suite with 19 offices, a secure reception area, conference rooms, kitchen/break area, two ADA restrooms, and a data room. There are also rear offices for shop support, with eight offices, one ADA restroom, and an additional kitchen/break area.
Outside, the property includes a large fenced area with a concrete/gravel parking lot, supporting vehicle and equipment storage or staging needs.
Key Highlights
- Industrial building built in 2013 with 30' clear height
- Access includes 8 at‑grade doors plus 1 at‑grade door with interior dock and leveler
- Warehouse equipped with 4 - 15 ton overhead cranes and 5 (1 - 3 ton) jib cranes
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $660.9k | $8.83 |
| − Vacancy | −$37.0k | −$0.49 |
| EGI | $623.9k | $8.34 |
| − OpEx | −$93.6k | −$1.25 |
| NOI | $530.3k | $7.09 |
74,850 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.58M
$6.63M – $8.84M
NOI $530,327 @ 7.0% cap · market cap 8.16%
Second Best
Industrial
$6.24M
$5.46M – $7.28M
NOI $436,740 @ 7.0% cap · market cap 6.72%
Theoretical Best
Healthcare Medical
$12.75M
$11.16M – $14.88M
NOI $892,532 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Modern industrial building with eight at-grade doors, interior dock, overhead cranes, and 30-foot clear height.
Where is this warehouse located?
The property is located at 2503 S Main St Mansfield, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Industrial building built in 2013 with 30' clear height; Access includes 8 at‑grade doors plus 1 at‑grade door with interior dock and leveler; Warehouse equipped with 4 - 15 ton overhead cranes and 5 (1 - 3 ton) jib cranes
