New Stanton Industrial Flex
401 Paintersville Rd Hunker, PA 15639
For Sale
Contact for pricing
Single tenant industrial flex property in the Pittsburgh Market.
Property Size25,574 SF
Price / SF$76.25
Days on Market1017
Property Features for 401 Paintersville Rd
General Information
Standard status
Active
Size
25,574 SF
Property subtype
Industrial
Building Details
Year Built
1990
Listing Agency:
Landmark Commercial Realty
(717) 731-1990
Listed By:
W. Jason Grace · License #PA
Source:
Crexi
Added: Oct 18, 2023
Changed: Jul 10
Last Checked: Jul 29 at 12:15PM
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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This single-tenant industrial flex property is located at 401 Paintersville Rd in New Stanton, Pennsylvania, within the Pittsburgh Market. Originally built-to-suit for FedEx Corporation in 1990, the property currently operates as a FedEx Ship Center, offering retail-focused shipping drop-off and pick-up services for FedEx Express and FedEx Ground. The 25,574 square foot building includes 3,800 square feet of office/retail space, 20,000 square feet of warehouse space, and a 1,740 square foot vehicle maintenance area. The entire building is climate controlled and fully sprinklered, featuring five drive-in doors and three dock doors, with a 20-foot clear ceiling height. The property is located near the intersection of I-76 (The Pennsylvania Turnpike), I-70, US-60, and US-119, an area with new industrial developments including regional hubs for FedEx Ground, FedEx Freight, and UPS. The Westmoreland County submarket has a flex space vacancy rate of 1.2%. Average flex rents in Westmoreland County are currently $9.42 per square foot. The area around the property has attracted industrial corporate tenants such as Amazon, UPS, FedEx Ground, FedEx Freight, UNFI, Siemens Corporation, SLB Freight, Intervala, and Westinghouse.
Key Highlights
- Single‑tenant net‑leased property occupied by FedEx Corporation since 1990, providing stable income.
- Strategic location near the intersection of I‑76, I‑70, US‑60, and US‑119, a focal point for industrial development and logistics hubs.
- Value‑add opportunity to increase rents to market rates in the desirable Pittsburgh market.
Financial Insights For Flex RnD
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 | $291.5k | $11.40 |
| − Vacancy | −$16.3k | −$0.64 |
| EGI | $275.2k | $10.76 |
| − OpEx | −$96.3k | −$3.77 |
| NOI | $178.9k | $7.00 |
25,574 SF · lease $11.40/SF/yr · vacancy 5.60% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.59M
$2.26M – $3.02M
NOI $181,197 @ 7.0% cap · market cap 9.29%
Second Best
Flex RnD
$2.56M
$2.24M – $2.98M
NOI $178,891 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$6.51M
$5.70M – $7.60M
NOI $455,986 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Single tenant industrial flex property in the Pittsburgh Market.
Where is this flex space located?
The property is located at 401 Paintersville Rd Hunker, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Single‑tenant net‑leased property occupied by FedEx Corporation since 1990, providing stable income.; Strategic location near the intersection of I‑76, I‑70, US‑60, and US‑119, a focal point for industrial development and logistics hubs.; Value‑add opportunity to increase rents to market rates in the desirable Pittsburgh market.
