Single-Tenant Industrial
For Sale
Contact for pricing
134 Monack Way, Charleroi, PA 15022
Newly constructed single-tenant industrial property with long-term lease featuring scheduled rental increases.
Property Size23,790 SF
Price / SF$261.16
Days on Market81
Property Features for 134 Monack Way
General Information
Standard status
Active
Size
23,790 SF
Property subtype
Industrial
Zoning
I-1 Light Industrial
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$434,940
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
Newmark - Dallas
Listed By:
Jerry Hopkins · License #OK 147696
(918) 809-9616
Source:
Crexi
Added: Jun 17
Changed: Aug 23
Last Checked: Sep 4 at 6:49PM
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 Newmark - Dallas
Investment Insights
Based on property information with market context.
Newmark presents 134 Monack Way in Charleroi, Pennsylvania, a newly constructed single-tenant industrial facility. The property is offered for sale as an income-producing asset supported by a long-term lease with scheduled rental increases.
Located just off I-70, the building is positioned for practical logistics and transportation access.
As presented, the offering provides a long-duration leased industrial configuration with built-in rent step-ups over the lease term.
Located just off I-70, the building is positioned for practical logistics and transportation access.
As presented, the offering provides a long-duration leased industrial configuration with built-in rent step-ups over the lease term.
Key Highlights
- Newly constructed single‑tenant industrial property
- Built in 2025
- Secured by a long‑term lease with scheduled rental increases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$178,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,573,280
$3.6M
Cap Rate 7%
$2,552,343
$2.6M
Cap Rate 9%
$1,985,156
$2.0M
Market Conditions
NOI Build-Up for 23,790 SF
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.
Gross rent
$225.5K $9.48/SF
− Vacancy
−$15.3K −$0.64/SF
EGI
$210.2K $8.84/SF
− OpEx
−$31.5K −$1.33/SF
NOI
$178.7K $7.51/SF
Area
Washington County, PA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,573,280
Cap Rate 7%
$2,552,343
Cap Rate 9%
$1,985,156
Alternative Uses
Best Use
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,664 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.33M
$6.41M – $8.55M
NOI $513,134 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15022, PA
10,241
Population
5,164
Households
2
Avg Household Size
45
Median Age
22%
College-Educated
95%
High-School Grad
18.4 sq mi
ZIP Area
557
Density / Sq Mi
$61,337
Median Household Income
$40,758
Median Earnings
$785
Median Rent
$113,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Newly constructed single-tenant industrial property with long-term lease featuring scheduled rental increases.
Where is this warehouse located?
The property is located at 134 Monack Way Charleroi, PA.
What is the asking price?
The asking price for this property is $6,213,000.
What are key features of this property?
This property features: Newly constructed single‑tenant industrial property; Built in 2025; Secured by a long‑term lease with scheduled rental increases
