• McClarin Plastics - 15 Industrial Dr, Hanover, PA 17331

This property isn't on the market right now.

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 Type
    Industrial
  • Year Built
    1982Renovated 2007
  • Total Acres
    15.64
  • Number of Buildings
    2
  • Last updated
    Jul 05, 2023
  • Property ID
    2115758

Landlord's Leasing Representatives

  • Cade Kozlowski
    Signature Associates
     
  • Luke C. Timmis
    Signature Associates
     
  • Griffin Pitcher
    Signature Associates