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11025 Murray Rd
Meadville, PA 16335

$2,940,000 USD

Specialty For Sale  •  11,810 SF

Property Details

  • Property Type Specialty
  • Total Building Size 11,810 SF
  • Lot Size 5.11 AC
  • Building Class C
  • Year Built 1975
  • Cap Rate 6.91 %
  • Zoning Commercial
0 Transit Score
34 Walk Score

Description

All brick construction with upscale interior finishes and state of the art Geo thermal HVAC system and was newly constructed in 2014.

Highlights

Offering provides long term leases and 5 year old construction.
Attractive annual rent increases allot for a hedge against inflation.
Station lease has options to extend with scheduled rent increases every 5 years.
Conveniently situated in the Northwestern area, Meadville offers easy access to Interstate 79.
Approximately 1 ½ hours from Pittsburgh and 45 minutes to Erie.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $203,044 USD (2019)
Cap Rate: 6.91 %
Total Expenses: $30,788 USD

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 62
Type: Surface
Included in Rent: Yes
Brendan Eisenbrandt 412-225-7518 PennTex Ventures
Brendan Eisenbrandt 412-225-7518 PennTex Ventures