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34413078
34413064

2300 N 5th Street Hwy, Reading, PA 19605 For Sale

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$1,575,000
2 days on market
Updated 2 days ago

2300 N 5th Street Highway

Details
Property Type Office, Industrial
Sub Type Flex
Square Footage 16,687
Units 10
Cap Rate 9.14%
NOI $144,013
Occupancy 98.8%
Tenancy Multi
Brand/Tenant Johnstone Supply
Pro-Forma Cap Rate 9.51%
Pro-Forma NOI $149,743
Price per SqFt $94
Acreage 1.470
Ground Lease No

Office | 9.14% CAP | 16,687 SqFt

Marketing description

Marcus & Millichap is pleased to exclusively offer 2300 N 5th Street Highway, a multi-tenant commercial/flex property positioned along one of Berks County's most active and established commercial corridors. The asset offers stable, diversified income supported by a well-balanced tenant mix and sustained market demand from service, trade, and light-industrial users. The property is anchored by Johnstone Supply, a nationally recognized HVAC/R distributor with approximately $4.5 billion in annual sales, providing strong credit quality and consistent customer traffic. Strategically located directly off U.S. Route 222, the site benefits from excellent visibility, strong traffic counts, and efficient access throughout the greater Reading region, reinforcing its long-term appeal.

Investment highlights

  • Multi-Tenant Commercial/Flex Property Located in Reading, Pennsylvania
  • Anchored by Johnstone Supply with Approximately $2 Billion in Annual Sales
  • Diversified Tenant Mix Supporting Stable Income
  • Located Along One of Berks County's Most Active Commercial Corridors
  • Direct Access to U.S. Route 222 Providing Excellent Connectivity
  • Strong Visibility and Traffic Exposure
  • Flexible Layout Supporting Service, Trade, and Light-Industrial Uses
  • Stable Cash Flow Backed by National and Local Tenancy

Listing Contacts

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,013.00
$12,001.08/mo

Valuation Metrics

0
DSCR
9.14%
Cap Rate
9.14%
ROI

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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
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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