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162 Chapman Rd 77,000 SF Industrial Building Pleasantville, PA 16341 $5,253,500 CAD ($68.23 CAD/SF) 7.76% Cap Rate
INVESTMENT HIGHLIGHTS
- 19 years remaining on an excellent net lease with strong credit tenant with solid financials and rent coverage ratios
- Tenant commitment reinforced through continued investment in the property
- Recent (13k SF) expansion increases square footage and reduces rent per SF
- Strategic location in Pleasantville, PA with access to Route 27 and I-80 and Regional reach to Erie (1 hr), Pittsburgh (2 hrs), and Cleveland (2.5 hrs
EXECUTIVE SUMMARY
162 Chapman Road in Pleasantville, PA 16341 offers investors a long-term net lease opportunity with approximately 19 years remaining. The property is leased to a strong credit tenant with solid financials and healthy rent coverage ratios, ensuring stable and reliable income. A recent expansion has increased the overall square footage, effectively reducing the rental rate per SF while reinforcing the tenant’s commitment to the property and enhancing investor confidence. When paired with 347 East Industrial Drive, this asset creates a compelling portfolio opportunity that provides scale, diversification, and strong marketability. Real estate acquisition will include all cranes. (Portfolio opportunities when combined with 347 Industrial Drive.)
PROPERTY FACTS
| Price | $5,253,500 CAD | Building Class | C |
| Price Per SF | $68.23 CAD | Lot Size | 57.00 AC |
| Sale Type | Investment NNN | Rentable Building Area | 77,000 SF |
| Cap Rate | 7.76% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Zoning | Not Applicable - Not Applicable | ||
| Price | $5,253,500 CAD |
| Price Per SF | $68.23 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.76% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 57.00 AC |
| Rentable Building Area | 77,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Zoning | Not Applicable - Not Applicable |
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PROPERTY TAXES
| Parcel Number | 03918 | Improvements Assessment | $239,479 CAD |
| Land Assessment | $8,841 CAD | Total Assessment | $248,320 CAD |
PROPERTY TAXES
Parcel Number
03918
Land Assessment
$8,841 CAD
Improvements Assessment
$239,479 CAD
Total Assessment
$248,320 CAD
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162 Chapman Rd
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