Listed by Friedman Real Estate
$3,575,000
BMS CAT Industrial - Pittsburgh, PA
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 36,000
Cap Rate 8.10%
NOI $288,713
Tenancy Single
Lease Type NNN
Year Built 2004
Year Renovated 2016
Acreage 1.655
Zoning M (Light Industrial)
Parking Spaces 50 spaces
Parking per 1,000 SqFt 1.39
Ground Lease No
Ceiling Height 21'-30'
Dock High Doors 1
1035 Executive Drive, Gibsonia, PA 42701-1272
Investment highlights
- Strong National Tenant: BMS CAT, a disaster restoration company with 35+ locations nationwide
- Long-Term Tenancy: Tenant in place since 2016 and recently exercised a renewal option extending the lease through 2031 with 2.75% annual rent increases
- Proximity to Pittsburgh MSA: ±16 miles north of Downtown Pittsburgh with immediate access to William Flynn Highway and the PA Turnpike (Exit 39)
- Tight Industrial Market: 3% vacancy rate with positive absorption and limited new supply in the Pittsburgh Northeast Submarket
- Functional Industrial Asset: ±36,000 SF industrial/flex building with 21'-30' clear heights and one (1) 14' x 13' drive-in door
- Well-Maintained Property: Constructed in 2004 and renovated in 2016 with recent upgrades to HVAC, electrical, and building systems
- Ample Parking: 50 paved parking spaces
Listing Contacts
Listed by Friedman Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$288,713.00
$24,059.42/mo
Valuation Metrics
0
DSCR
8.08%
Cap Rate
8.08%
ROI
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