85 W Charles Street

Investment Overview

85 West Charles Street presents the opportunity to acquire a net leased industrial asset occupied by Richelieu America Ltd., a national distributor serving the woodworking, furniture, and specialty building products industries. The property is improved with a 35,700-square-foot industrial and warehouse facility that includes office and showroom areas, multiple loading configurations, surface parking, and additional land supporting truck circulation and outdoor storage functions. The tenant exercised a lease extension effective October 1, 2026, creating a new five-year lease term with annual rental increases of approximately 3% through September 2031. The lease structure places responsibility for real estate taxes and most operating expenses on the tenant, providing investors with stable income supported by a long-term occupant. Richelieu America operates an extensive North American distribution network, adding institutional tenancy characteristics to the investment profile. The facility is situated within Lewistown Borough in Mifflin County, providing access to central Pennsylvania markets and regional transportation routes. The site consists of four parcels totaling approximately 2.52 acres and includes truck maneuvering areas, parking accommodations, and supporting land that enhances industrial functionality. Building features include concrete floors, ceiling heights ranging from approximately 12 to 18 feet, multiple drive-in doors, a loading dock, public utilities, natural gas service, and fiber-optic connectivity. The combination of an established industrial facility, long-term tenant occupancy, contractual rent growth, and functional warehouse infrastructure positions the property as an opportunity for investors seeking in-place income with future lease rollover potential. Visit naikeystone.com for accurate listing info.

Investment Highlights

• - New five-year lease extension in effect through September 2031.
• - Annual rental increases provide built-in income growth.
• - Occupied by Richelieu America Ltd., a national distribution company.
• - Four-parcel site supports truck circulation, parking, and operational flexibility.
• - Multiple drive-in doors and loading dock accommodate industrial operations.
• - Fiber-optic connectivity and public utilities serve the facility.