Property Details
Two-asset industrial portfolio with 15-year net lease & corporate guaranty. Single-tenant industrial portfolio fully leased to a manufacturer of large thermoformed plastic and fiberglass-reinforced plastic components. Absolute net lease with minimal landlord responsibilities. Tenant will be executing an amendment that extends the in-place lease for 15 years following sale date. The assets benefit from their 10-minute proximity to each other within Hanover, PA located in York County. Current rent of $4.59/psf is approximately 20% below market. The below-market rents provide the opportunity to acquire the assets at an opportunistic price per sq. ft. relative to similar buildings in York County. Pennsylvania Broker of Record: Samuel T. McGill - Cushman & Wakefield - License #RS320732
- Property TypeIndustrial
- Year Built1982Renovated 2007
- Total Acres15.64
- Number of Buildings2
- Last updatedJul 05, 2023
- Property ID2115758