Listed by Landmark Commercial Realty
$2,495,000
7709 Linglestown Road
Details
APN 68-024-162
Property Type Industrial
Sub Type Warehouse
Square Footage 22,274
Tenancy Single
Lease Expiration 12/30/2027
Price per SqFt $112
Class C
Year Built 1973
Buildings 1
Stories 1
Acreage 5.290
Zoning Commercial Highway
Parking Spaces 30 spaces
Parking Per SqFt 1.35
Dock High Doors 6
Industrial | 22,274 SF
Marketing description
Landmark Commercial Realty Proudly Presents an Exceptional Investment Opportunity – a 22,000 Sf Warehouse Nestled in Vibrant West Hanover Township. This Fully Leased Property, Sprawling Over 5.29 Acres, Not only Provides a Steady Income Stream Through a Triple Net Lease but Also Offers the Potential for Additional Development on The Surplus Acreage Not Currently Utilized by The Existing Structure. the Property's Robust Lease Agreement with Goodyear Wingfoot, a Distinguished Publicly Traded Company, Adds a Layer of Stability, with The Tenant Having Occupied the Premises Since 1982. with Approximately Five (5) Years Remaining on Their Lease Term, the Property Stands as A Testament to The Reliability and Longevity of The Existing Tenancy. This Opportunity Caters to Discerning Investors Seeking a Secure Single Net Tenant Investment with The Added Assurance of A National Credit Tenant. Simultaneously, Ownerusers Looking to Expand Their Business Operations Will Find This Property to Be an Ideal Canvas for Constructing Additional Space Tailored to Their Specific Requirements
Investment highlights
- Excellent Investment Opportunity Occupied by Long Standing Single Net Tenant Since 1982
- Current Tenant Is Significantly Below Market Value Rates for West Hanover Township.
- Value Added Deal Affords Expected Increase of 20-30% at Lease Renewal
- Additional Acreage Available for Future Development
- Located Off of The I- Interchange at Exit 77 Provides Easy On/off Access.
- Power 225 Amp; 2 phase: 200/400 volt; 3 phase, 200/240 volt
- Dock Doors 6
- Grade Doors 12
- Cross Streets: Linglestown Rd & N Fariville Ave
Listing Contacts
Listed by Landmark Commercial Realty
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