1074 Barring Ave - Manufacturing FOR SALE


Scranton, PA 18508
$3,250,000 USD
248-702-0288
1074 Barring Ave, Scranton, PA for Sale
$3,250,000 USD
Manufacturing - FOR SALE
1/4
null | 7.49% Cap Rate

1074 Barring Ave
Scranton, PA 18508


HIGHLIGHTS

  • Original 20-Year NNN Lease w/16+ Years Remaining
  • Two Percent Annual Rent Bumps | Four, Five-Year Renewal Options
  • 100% Leased to North American Manufacturing (NAM)
  • Blended 8.53% CAP Rate Over Base Term
  • NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies
  • NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant

OVERVIEW

20-Year Triple-Net Lease | 16+ Years Remaining Two Percent Annual Rent Bumps | Four, Five-Year Renewal Options 100% Leased to North American Manufacturing (NAM) Blended 8.73% CAP Rate Over Base Term NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies – Providing Predictable Cash Flows NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant NAM was Acquired by KAHO Partners, a Long-Term Investment Partner and Owner of 100MM+ Government Manufacturing Contracts The U.S. Defense market cap is estimated to be upwards of $300 Billion dollar industry

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North American Manufacturing

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

3.02

LAND SF

131,551

ZONING

I

APN/PARCEL ID

14508040064,1450805001901,14508050065,14508050068,14508050069,14512010026

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.