Premier Warehouse Distribution Facility For Sale

Investment Overview

Premier Warehouse Distribution Facility For Sale: 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.

Investment Highlights

• Property
• - Property Name/Address: CVS Distribution Center | 322 Revco Road, Somerset, PA 15501
• - Property Use: Warehouse Distribution Facility
• - Current Tenant: CVS Corporation - Somerset Distribution Center (Investment-Grade Credit)
• Site & Land
• - Municipality: Somerset County
• - Total Land Area: 34.392 acres
• - Parcels: 420027270, 420031960, 420083140
• - Zoning: Commercial
• Access:
• - Located along the PA Turnpike (I-76) at the Somerset exit with easy on and off access
• - Approx. 1 hour from Pittsburgh and Altoona; 2 hours from Harrisburg and State College
• Parking:
• - Surface parking lots striped for a total of 234 standard spaces located in front of Buildings A and B (asphalt)
• - 130 excess trailer spaces located along the eastern elevations of Buildings B and C (asphalt)
• Building Description
• - Gross/Net Rentable Area: Total of 368,594 SF (three buildings)
• - Number of Floors: One-story warehouse with two-story offices
• - Construction Type: Reinforced 6” concrete slab on grade with steel framing and metal panels
• Construction Timeline:
• - 1968: 106,000 SF
• - 1980: 102,000 SF
• - 1995: 155,000 SF
• - 1998/1999: 5,594 SF
• Building A
• - 15 dock-high overhead doors (7’ x 8’); one (1) grade-level door (10’ x 14’)
• - Clear height: 24’
• - Electrical: 1,600 amps, 480/277V
• - Wet pipe ceiling/in-rack sprinkler system
• Building B
• - 14 dock-high overhead doors (8’ x 8’)
• - Clear height: 30’
• - Electrical: 400 amps, 480/277V
• - Wet pipe ceiling/in-rack sprinkler system
• - 20,000± SF of the warehouse space is air-conditioned for food storage
• Building C
• - 10 dock-high overhead doors (8’ x 8’ and 9’ x 10’); one (1) grade-level overhead door (12’ x 16’)
• - Clear height: 38’
• - Electrical: 1,600 amps, 480/277V
• - Wet-pipe ESFR sprinkler system
• - Overhead Doors/Docks: Manually operated doors/automatic dock levelers
• - Lighting: LED T5
• Warehouse & Infrastructure
• - Roof System: EPDM membrane roofing and trapezoidal seam metal roof
• - HVAC: Split systems, rooftop package units, ceiling-mounted warehouse heaters, and tube heaters
• - Backup Power: Three (3) diesel-powered generators
• - Fire Protection System: The property includes a 250,000-gallon concrete water reservoir utilized as a buffer supply for the on-site fire sprinkler system. In 2024, the reservoir was fully relined and upgraded with an anti-vortex plate, enhancing operational reliability and long-term performance.
• Office
• - Buildings A & B: These buildings have office areas with elevator service and men’s and women’s restrooms
• Environmental
• - Phase I Environmental Site Assessment: Completed in 2025 by a third-party environmental consultant in accordance with ASTM standards. The assessment identified no Recognized Environmental Conditions (RECs).