Industrial Sale Leaseback

Sale Leaseback

Scranton, Pennsylvania

Ownership Type:

Fee Simple

Price:

$8,050,000

Cap Rate:

8.5%

Current Rent:

$684,000

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

4, 5-Year or 2, 10-Year

Building Sq. Ft.:

114,275 SF

Rent Increases:

2.0% Annual

Site Size:

13.27 Acres

Investment Highlights

Long term absolute triple net lease with annual escalations
Mission critical HQ responsible for 100% of revenue production
Strong tenant credit with loyal customer base
Scranton industrial market rents have cumulatively risen by 74.1% over the past 10 years
Excellent access to major highways with PA-11 and I-476 both less than two miles away

Request Due Diligence

Ownership Type:

Fee Simple

Price:

$8,050,000

Cap Rate:

8.5%

Current Rent:

$684,000

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

4, 5-Year or 2, 10-Year

Building Sq. Ft.:

114,275 SF

Rent Increases:

2.0% Annual

Site Size:

13.27 Acres

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409[email protected]

Krupa Shah

Managing Director
646.734.4188[email protected]

Analyst

Daniel Manzi

Analyst
786 239 8299[email protected]

Broker of Record: Mike Antonoplos – PA Lic. #RM425387

Due Diligence

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