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32293169
33922487

718 N. Quincy Street, Allentown, PA 18109

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Philadelphia, Marcus & Millichap - Baltimore
$1,909,000
60 days on market
Updated 8 days ago

Sodexo | InReach | 9.69% Cap | Corporate Credit

Details
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 23,718
Net Rentable (SqFt) 23,718
Cap Rate 9.69%
NOI $185,019
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 3
Lease Expiration 12/31/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options Three, 1-Year Options
Price per SqFt $80
Class B
Year Built 1932
Year Renovated 2025
Acreage 0.820
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/01/2025
Ground Lease No
Ceiling Height 15
Ownership Fee Simple

New Roof (June 2025) | 0.14 AC Corner Lot Included Across the Street

Marketing description

Marcus & Millichap is pleased to present the investment opportunity located at 718 N. Quincy Street in Allentown, Pennsylvania. The property features a 23,718-square-foot industrial asset leased to InReach and the Sodexo. The asset operates under a single net lease structure, providing investors with a stable and passive income stream. The lease commenced occupancy on January 1, 2025, with a lease term extending through December 31, 2027. Notably, the current lease includes three renewal options alongside attractive 2.5 percent annual rent escalations. The property generates $233,173 in gross income and $185,019 in net operating income, representing a 9.69% cap rate based on the $1.909 million asking price. Situated on 0.68-acres with an additional 0.14-acre corner lot, the property offers a functional industrial layout with a 15’-6” clear height, making it well suited for a variety of industrial users. The site's configuration supports efficient operations, logistics flow, and future adaptability. The property benefits from a 2025 renovation and the installation of a new Carlisle SyntTec Systems roof, contributing to both durability and curb appeal. Overall, this asset is recently upgraded and tax-stable, offering strong cash flow and low operating expenses. These features, combined with the long-term value potential and corporate tenancy, position the property as a potentially attractive, lower-risk investment opportunity in the industrial sector.

Investment highlights

  • Corporate-Credit Single-Tenant Industrial Asset Leased to Sodexo Subsidiary InReach
  • Attractive 9.69% Cap Rate with Term Lease Through December 2027 and Annual Rent Increases
  • Single-Net Lease Structure Providing Passive Income with Minimal Landlord Responsibilities
  • Recently Renovated In 2025 Featuring New TPO Roof and Enhanced Durability

Listing Contacts

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Philadelphia, Marcus & Millichap - Baltimore

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,019.00
$15,418.25/mo

Valuation Metrics

0
DSCR
9.69%
Cap Rate
9.69%
ROI

Map

Zoning

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R-M ResidentialMulti FamilyMedium Density Residential
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Timothy Stephenson, Jr.
License
RMR006104
Title
Broker of Record
Name
Brian Higgins
License
PA RS335804
Brokerage
Marcus & Millichap
Brokerage Phone
2155317093
Brokerage Address
2005 Market Street
Name
Kyle Malin
License
RSR005297
Brokerage Phone
302.750.7610
Name
Jack Hamilton
License
RS376105
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
2005 Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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