7701 Klier S Dr Fairview, PA 16415-2455
- Warehouses
- 44,965 SF
- 4.51 lot acres
Current Use by Public Records
- SyBridge Technologies / Plastic Fabrication Company / Plastic Injection Molding Service
Property Details for 7701 Klier S Dr
- Year built
- 2002
- Construction
- FRAME
- Lot size
- 4.51 lot acres
- Property size
- 44,965 SF
- Zone code
- I2
- Property type
- Warehouses
- APN
- 21-088-099.0-006.01
- APU
- 21088099000601
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $845,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $890,000
- Mixed-Use
- $1,005,000
- Hospitality
- $905,000
- Educational
- $755,000
- Residential Income
- $835,000
- Energy
- $860,000
- Income-Based Land
- $890,000
- Food Service
- $960,000
Location Insight
- Map
- Local Demand
- City
- Fairview
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.2482
- Latitude
- 42.0077
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
