327 W Allen St - Long Term Sale-Leaseback
Industrial | 6.50% CAP | 33,853 SqFt
Marketing description
An exceptional opportunity to acquire a well-located, single-tenant industrial flex property in the heart of Mechanicsburg, Pennsylvania. Positioned just off Main Street (PA Route 641) and adjacent to the popular Soldiers and Sailors Memorial Park, this property benefits from both a central borough location and excellent regional accessibility. With quick connections to major transportation corridors—including PA Route 114, US Route 15, US Route 11, I-81, I-83, and the PA Turnpike (I-76)—the site is strategically situated to serve the greater Central Pennsylvania market and beyond.
Offered for sale with a new long-term NNN lease to be executed at settlement, the property provides a secure and reliable income stream from a well-established tenant. The tenant, a specialized powder coating business founded in 1976, is a regional leader in high-demand surface finishing services, serving a wide and diverse base of industrial clients. Their long-standing presence and continued growth underscore the strength and stability of this investment.
The property itself is a versatile, well-maintained industrial flex facility featuring functional office space, two oversized dock doors, and two convenient drive-in doors—ideal for a range of operational needs. Recent capital improvements include the installation of new energy-efficient windows and an upgraded HVAC system throughout, enhancing both the functionality and aesthetics of the building. The property recently had phase I & II environmental reports completed and are available for review.
Zoned “Old Town,” the site allows for a wide variety of permitted uses, including commercial, municipal, and personal service operations, offering long-term flexibility and value. The current use is a compliant and approved special exception use. Whether for a user, investor, or 1031 exchange buyer, 327 W Allen Street presents a rare combination of location, tenancy, and asset quality in one of Central Pennsylvania’s most stable and sought-after submarkets.
Investment highlights
• Prime single tenant NNN leased industrial flex property for sale on Mechanicsburg, PA
• Long term lease to be executed at settlement with business established in 1976 with high barrier for relocation
• Tenant is a high-demand specialized powder coating service with clients across a myriad of industries
• Well maintained property offers:
- Functional office space, 2 over-sized dock doors, and 2 drive-in doors
- Recently renovated and recent phase I & II reports available
• Old Town zoning allows for a multitude of commercial, personal service, and municipal uses by right
• Just off PA-641 with easy access to PA-114, US-15, I-76 PA Turnpike
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