415-417 W 3rd St - Warehouse FOR SALE


Williamsport, PA 17701
$4,200,000 USD
717-554-4881
415-417 W 3rd St, Williamsport, PA for Sale
$4,200,000 USD
Warehouse - FOR SALE
1/7
null | 7.62% Cap Rate

415-417 W 3rd St
Williamsport, PA 17701


HIGHLIGHTS

  • Zero Landlord responsibility with absolute NNN Leases.
  • Brand New 10 Year Lease; 3% Annual Increases; Three (3) Five (5) Year Options.
  • 7.4% YoY Market Rent Increases, Cumulative 25.5% Increases In the Past 3 Years.
  • Proximity to I-180 - Highly Accessible.
  • Located within close proximity to major industrial cities such as Wilkes-Barre, Harrisburg, and Philadelphia, PA.

OVERVIEW

SCOPE Commercial Real Estate Services, LLC “SCOPE” is pleased to exclusively present Supply Source Inc. located at 415 W 3rd Street, Williamsport, PA 17701. The 60,000 square foot offering is a single tenant net lease flex warehouse building with a Class A office fit out situated on 0.91 Acres. Ideally located in the Williamsport Business District, the subject property is centrally located less than 1 mile from I-180 and US-15, providing convenient access to the Williamsport area and surrounding submarkets. The subject property is the corporate headquarters of Supply Source Inc., the largest contract office furniture supplier to the Commonwealth of Pennsylvania, and rapidly expanding. Supply Source has shown their commitment to the site by recently signing a new 10 year lease including 3% annual increases and three (3) five (5) year options to extend, as well as, through a number of large improvements, including an 8,000 SF premium office buildout. With a recently extended absolute NNN lease and options, this single tenant offering provides investors with predictable cash flow and ease of ownership.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.91

LAND SF

39,640

ZONING

INDR

APN/PARCEL ID

65-006.0-0103.00-000

ASK ABOUT THIS PROPERTY

Craig DunkleScope Commercial Real Estate Services, LLCMore Info
717-554-4881

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Craig DunkleScope Commercial Real Estate Services, LLCMore Info
717-554-4881

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