- For Sale Undisclosed
- Property Type Industrial - Warehouse/Distribution
- Property Size 368,594 SF
- Units 1
- Lot Size 34.39 Acre
- Parking Spaces Avail. 234
- Parking Ratio 0.63 / 1,000 SF
- Property Tenancy Single Tenant
- Year Built 1968
- Year Renovated 1999
- Date Updated Jan 26, 2026
- Dock High Doors 39
- Grade Level Doors 2
- Fire Sprinklers ESFR Other
- HVAC Other
Description
The property is located along the PA Turnpike (I-76) at the Somerset exit with easy on and off access, approx. 1 hour from Pittsburgh and Altoona, and 2 hours from Harrisburg and State College.Premier Warehouse Distribution Facility For Sale or Lease: 368,594 SF Building on 31+ Acres
Executive Summary
322 Revco Road is fully leased to CVS Pharmacy, an investment-grade tenant, providing secure near-term cash flow through December 31, 2027. Embedded rent growth beginning in late 2026, combined with below-market in-place rents, positions the asset for substantial income upside at rollover.
Further value is driven by tenant-funded capital improvements and the conveyance of excess land at lease expiration, offering enhanced control and long-term redevelopment flexibility. This offering represents a rare opportunity to acquire an institutional-quality distribution asset with durable income and a clear path to value creation.
The property is a mission-critical regional distribution facility fully leased to CVS Corporation. The asset benefits from long-term tenancy, functional industrial improvements, and substantial land coverage across multiple parcels.Gross/Net Rentable Area: Total of 368,594 SF (three buildings)
Number of Floors: One-story warehouse with two-story offices
Occupancy: 1/1/2028
The property is a mission-critical regional distribution facility fully leased to CVS Corporation. The asset benefits from long-term tenancy, functional industrial improvements, and substantial land coverage across multiple parcels.
In-place rent is materially below market, providing meaningful upside at rollover. The lease includes tenant obligations to replace a significant portion of the roof. Additionally, a 3.933 acre excess parking parcel will be conveyed to the landlord at lease expiration, enhancing site control and future optionality.
Highlights
- 10 dock-high overhead doors (8’ x 8’ and 9’ x 10’); one (1) grade-level overhead door (12’ x 16’)
- 130 excess trailer spaces located along the eastern elevations of Buildings B and C (asphalt)
- 14 dock-high overhead doors (8’ x 8’)
- 15 dock-high overhead doors (7’ x 8’); one (1) grade-level door (10’ x 14’)
- 1968: 106,000 SF
- 1980: 102,000 SF
- 1995: 155,000 SF
- 1998/1999: 5,594 SF
- 20,000± SF of the warehouse space is air-conditioned for food storage
- Access:
- Approx. 1 hour from Pittsburgh and Altoona; 2 hours from Harrisburg and State College
- Backup Power: Three (3) diesel-powered generators
- Building A
- Building B
- Building C
- Building Description
- Buildings A & B: These buildings have office areas with elevator service and men’s and women’s restrooms
- Clear height: 24’
- Clear height: 30’
- Clear height: 38’
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Contacts
Dana Grau, SIOR, CCIM
Lee & Associates - Western Pennsylvania
Location
Contact Listing Broker
Dana Grau, SIOR, CCIM
Lee & Associates - Western Pennsylvania