Investment Overview

Marcus & Millichap is pleased to exclusively present for sale to qualified buyers this single-tenant net-net leased asset. The property is composed of a single story 43, 258 square foot light industrial building located in the Fairview Business Park on 4.5 acres, ¼ mile from I-90, southwest of Erie. The original building was built in 2002 by former ownership and subsequently purchased and enlarged by current ownership in 2015 and 2018, respectively. The grounds and building are high quality and maintained in pristine condition. Portions of the parking lot and delivery area are maintained free of ice and snow by a closed glycol radiant heating system. The tenant, X-Cell Tool & Mold originated in 1996 by current ownership and was subsequently acquired by SyBridge Technologies in 2020. The real estate was retained by ownership which was leased back to the tenant on a NN basis for a 10-year term with limited landlord responsibilities. The rent is increased bi-annually using the CPI index. This is a rare opportunity to acquire an immaculate property maintained in pristine condition occupied by a quality tenant that is a global technological leader backed by $9 billion in private equity.