Small Bay Portfolio- Montoursville PA
Small Bay Warehouse Portfolio - Low Rents, Annual Escalations
Marketing description
Rare opportunity to acquire small bay warehouse portfolio in Montoursville, Pennsylvania! 243 & 244 Grey Fox Drive offers a highly desirable small bay warehouse format with an average tenant space of 4,000 sq ft each. Priced below replacement cost, this property presents a mark-to-market opportunity with a 4.2% NOI CAGR over a 5-year hold period.
The properties are currently 94% occupied, with strong local tenant demand indicating potential upside in rents. With a current annual rent of $359,913, this portfolio boasts numerous long-term tenants and favorable financing options. Set in Northern Central PA, this investment is ideal for scaling operations in a supply-constrained market with no new developments in the pipeline. This is a chance to secure a valuable asset and capitalize on the vibrant local market demand.
Investment highlights
Highly desirable small bay warehouse format
Average tenant space is 4,000 sq ft
Priced below replacement cost
Mark to market opportunity
Strong local tenant demand provides upside at existing tenant
roll along with conversion to triple net
4.2% NOI CAGR over 5 year hold period
Rare opportunity to acquire two assets scale operations in Northern
Central PA market
Supply constrained market with no new supply in development
Favorable financing available
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