Building Details

Building Size 101,300 SF

Listing Agency: SVN | Three Rivers Commercial Advisors j***@svn.com Show Phone

Listed By: Jason Campagna · License #PA #RM424399 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:53AM

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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 SVN | Three Rivers Commercial Advisors

Investment Insights

Based on property information with market context.

Available for sale or lease is a 101,300 square foot Class A flex industrial building situated on 19.8 acres within Dunbar Business Park. The existing shell includes all utility connections, paved parking, four loading docks, and two drive-in doors. Site work and permits are completed for an additional 60,000 square feet, making a total of 160,000 square feet quickly achievable. Adjacent acreage is available for purchase. The property has a clear height of over 32 feet and offers 14+ MegaWatts of power. The minimum divisible space is 20,000 square feet. The location provides access to over half of the U.S. and Canadian population within a 500-mile radius. Interstate, barge, and rail transportation are available nearby. An incentive package includes a 5-year LERTA (100%) on fit out. There are no restrictive covenants.

Key Highlights

• Strategic location provides access to over half of the U.S. and Canadian population within a 500‑mile radius.
• 101,300 SF Class A flex industrial building with expansion potential to 160,000 SF.**
• 14+ MegaWatts of power available to the site.**

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

$674,099

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

6.13%

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%

$13,481,980 $13.5M

Cap Rate 7%

$9,629,986 $9.6M

Cap Rate 9%

$7,489,989 $7.5M

Market Conditions

NOI Build-Up for 101,300 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

$850.9K $8.40/SF

− Vacancy

−$57.9K −$0.57/SF

EGI

$793.1K $7.83/SF

− OpEx

−$119.0K −$1.17/SF

NOI

$674.1K $6.65/SF

Area

Fayette County, PA

Vacancy

6.80%

Lease Rate

$8.40 /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%

$13,481,980

Cap Rate 7%

$9,629,986

Cap Rate 9%

$7,489,989

Alternative Uses

Best Use

Warehouse

$9.63M

$8.43M – $11.23M (±1% cap)

NOI $674,099 @ 7.0% cap · market cap 6.13%

Second Best

Industrial

$7.93M

$6.94M – $9.25M (±1% cap)

NOI $555,140 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$25.80M

$22.58M – $30.10M (±1% cap)

NOI $1,806,187 @ 7.0% cap · market cap 16.42%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 15431, PA

4,375

Population

2,154

Households

2

Avg Household Size

46

Median Age

13%

College-Educated

89%

High-School Grad

57.9 sq mi

ZIP Area

76

Density / Sq Mi

$57,542

Median Household Income

$41,915

Median Earnings

$795

Median Rent

$105,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 101,300 SF flex industrial building in Dunbar Business Park.

Where is this flex space located?

The property is located at 5 Sandstone Way Dunbar, PA.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: Strategic location provides access to over half of the U.S. and Canadian population within a 500‑mile radius.; 101,300 SF Class A flex industrial building with expansion potential to 160,000 SF.**; 14+ MegaWatts of power available to the site.**