Property profile

7701 Klier S Dr Fairview, PA 16415

OFF-MARKET
Warehouses
Property ID
US73-0874439
44,965 SF 4.51 ac lot Built 2002
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, net-leased, 43,258-square-foot manufacturing facility situated on a 4.51-acre lot in Fairview, Pennsylvania. The property, built in 2002 with renovations completed in 2018, boasts a 15'-25' ceiling height, one loading dock with one dock-high door, and ample parking for 62 vehicles. The building is classified as Class C and features a single-story design. Currently leased to X-Cell Tool & Mold under a 10-year net-net lease (NN) commencing August 1, 2020, and expiring July 31, 2030, with approximately 5.7 years remaining. The lease includes two 5-year renewal options and incorporates biannual CPI rent increases. The property offers a compelling 7.00% cap rate with a current NOI of $350,087 and an asking price of $5,000,000 ($111 per square foot). The tenant, a global technological leader, enjoys a prime location within the Fairview Business Park, conveniently located a half-mile from I-90. The property's high-quality construction and pristine condition, including a heated parking and delivery area, further enhance its investment appeal. The property is zoned I2-Light Industrial and has a parcel number of 21-088-099.0-006.01. This fee-simple ownership opportunity provides a stable, long-term income stream with significant upside potential.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2002
Construction FRAME
Total area 44,965 SF
Lot 4.51 ac (196,456 SF)
Zoning code I2
APN 21-088-099.0-006.01
UPID US73-0874439

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Location

7701 Klier S Dr Fairview, PA 16415-2455
Fairview metro Census 10303 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.07M
CAP Approach CAP
by Request
Comparable Approach Comparable
$995k
Blend (final) Blend
$655k

Owner & transaction history

since 2022
Last sale
$975,000
7 recorded transactions
2022
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2013
$975,000
2011
$960,000
2008
Price N/A

Zoning & alternative use

I2 · Fairview, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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