18450 Showalter Rd - Manufacturing FOR SALE


$39,750,000 USD
484-885-8103
18450 Showalter Rd, Hagerstown, MD for Sale
$39,750,000 USD
Manufacturing - FOR SALE
1/7
null | 7.33% Cap Rate


HIGHLIGHTS

  • ? Strategically located near Interstate 81 & Hagerstown Regional Airport
  • ? 26’ - 46’ Ceilings Heights throughout the Building
  • ? Diverse Tenant Industries - Manufacturing & Storage
  • ? Ample Parking & Numerous Drive-In Doors

OVERVIEW

SCOPE Commercial Real Estate Services, LLC “SCOPE” is pleased to exclusively present the New Heights Industrial Park located off of Showalter Road and the Hagerstown Regional Airport. The 729,580 RBA property is situated on 31 acres and is over 78% occupied by 11 tenants on net leases. The property’s 26’ - 46’ ceiling heights and 5000KVA power can accommodate a variety of tenant uses. The property is down the road from Interstate 81 - offering regional connectivity. This historic property was once used to produce aircraft during World War II before being converted into a commercial industrial park. Companies continue to gravitate to New Heights Industrial Park in search of highly flexible and openspace work environments, attractive leasing rates and access to a fertile labor market to support its operations. The subject property is 18 miles from Chambersburg, PA, 24 miles from Martinsburg, WV, 29 miles from Frederick, MD, and 78 miles from Washington DC. This well-located asset offers significant value-add upside to investors by way of vacancy lease-up and raising rents.

FOR SALE DETAILS

PRICE

$39,750,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Heights Industrial Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

UTILITIES

-

CLEAR CEILING HT

46 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

31

LAND SF

1,350,360

ZONING

-

APN/PARCEL ID

27-005012,27-038166

ASK ABOUT THIS PROPERTY

Nick DiPrimioScope Commercial Real Estate Services, LLCMore Info
484-885-8103

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Nick DiPrimioScope Commercial Real Estate Services, LLCMore Info
484-885-8103

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